The managing co-owner in The Leavitt Group’s Albuquerque office has been dismissed for reported misrepresentations made in proposals to 20 current or former clients over a six-year period. The misrepresentations were made in annual insurance renewal proposals, in which a recommended legitimate insurance quote was contrasted with falsified comparison quotes. The falsified quotes were reportedly higher than the legitimate recommended quotes. The falsified quotes either were never issued by cited insurers, or were inflated so as to appear noncompetitive.
The problems were brought to light when a client advised the Leavitt Group’s parent company, Leavitt Group Enterprises, of irregularities in a past renewal quote. An internal investigation confirmed that misrepresentations had occurred, with respect to the reporting former client, and also with respect to additional past and present clients.
The misrepresentations were reported to the New Mexico Insurance Department.
Topics Talent
Was this article valuable?
Here are more articles you may enjoy.
Lawsuit Alleges TWIA Fraudulently Reduced Claim Estimates From Hurricane Beryl 
Rhine River Shipping Stalls as Water Level Hits Record Low 
Picasso Etching Stolen From Wisconsin Art Gallery Found in Vacant Apartment 
At-Bay to Be Acquired by Munich Re for $575 Million From This Issue
