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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: A glimpse at the company line

Posted On: December 17, 2004, 3:51 pm CST
Posted By: InsNerd
Comment:
If agents can't ever be fired, what is to keep insurance companies from preventing rouge agents from handing out discounts as they please? Or from sending in legal documents as required by law. Besides preventing agencies from writing policies without proof for EVERYTHING before they bind business. I am not saying all agents will cheat, but if companies are not able to remove the trash, discounts will not be actuarially justified and removed from rating plans. It would be a subsidy nighmare. Maybe Alex deserved his settlement. I would contend this be the exception, not the rule.
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
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