Does an insurance brokerage firm have a duty to recommend a typeof liability coverage that it doesn't know the customer needs?
On Dec. 8, 2015, a federal court in Maryland granted summaryjudgment to a broker in a case alleging that the broker owed such aduty (Schlossberg v. B.F. Saul Insurance Agency ofMaryland).
The existence of a “duty to recommend” higher insurance limitsor broadened coverage is the central issue in many cases againstinsurance brokers, including cases from New York, Indiana andCalifornia that we have discussed in earlier articles in thisspace.
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