U.S.I. Holdings Corporation reported on Thursday that the company has been named in a class action suit filed in New York on behalf a client of a Marsh & McLennan subsidiary against the 10 largest U.S. insurance brokers and four of the largest commercial insurers relating to the pricing and placement of insurance. USI is in the process of reviewing the complaint.
The company said it intends to defend vigorously against the allegations made against it.
Was this article valuable?
Here are more articles you may enjoy.
Why El Niño’s Promise of Quieter Hurricane Season May Not Be Good News for Insurers 
Lemonade Posts $43M Loss for Q2 as it Continues to Grow Customer Base 
After 55 Years in Florida Insurance, Tom Lynch Reflects on Agencies, Changes Needed 
AM Best Calls $1.54 Billion Mapfre-Safety Marriage ‘Strategically Compelling’ 
