East News
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Jury Backs $2.3 Million Award to Terminated Independent Agent; Nationwide to Challenge Verdict
East News • December 17, 2004
An eight person jury in the United States District Court in Connecticut awarded $2.3 million in compensatory damages to an independent insurance agent in a decision expected to have serious ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: Nationwide | mike | Jan 3, 2005, 3:36 pm |
| Agent Termination by Company | Rupe | Dec 28, 2004, 3:27 pm |
| RE: nationwide / Sefton Comment | Lou Thyroff | Dec 18, 2004, 10:30 pm |
| Nationwide | Thomas M. Baggoptt | Dec 18, 2004, 7:17 am |
| nationwide | Sefton | Dec 18, 2004, 5:16 am |
| RE: A glimpse at the company line | jsjag | Dec 17, 2004, 5:17 pm |
| RE: RE: Finally | JSJAG | Dec 17, 2004, 4:55 pm |
| A glimpse at the company line | InsNerd | Dec 17, 2004, 3:51 pm |
| RE: Finally | Laura | Dec 17, 2004, 3:38 pm |
| Finally | jsjAG | Dec 17, 2004, 12:47 pm |
| RE: RE: nationwide | Mark | Dec 17, 2004, 11:39 am |
| RE: nationwide | Larry Muchmore | Dec 17, 2004, 10:22 am |
| Ind. Contractor Agents: Employees without benefits | Rod Guilmette | Dec 17, 2004, 10:04 am |
| nationwide | drudy | Dec 17, 2004, 8:51 am |
| Back to article | ||
Subject: Finally
I've always considered that the adversarial arrangements between insurance companies and agents did not need to exist. It existed because the companies could get away with it. Perhaps this will be the test case that brings agents out of the slave like existence of adhesion contracts.
About 10 years ago I had a PPGA contract with a life company. Said company decided to go to an MGA distribution model and at will cancelled all PPGA contracts. Because my contract was terminated I started getting a charge on each client for the company cost of billing the clients. Even tough all clients were direct bill before the termination, after termination by contract the insurance company had to bill the clients....I had to pay for their billing process. Yep.....lesson learned on that one!