In response to a Nov. 28 press release issued by Yates & Associates [see West Breaking News, Nov. 28], Roger Chaix of R.E. Chaix & Associates reiterated that the out-of-court settlement was mutually agreed upon and that both the Yates complaint and Chaix’s cross-complaint were dismissed.
During a factual hearing in June 2000, the judge completely dismissed the Temporary Restraining Order against Chaix, Hippard, and Ravelo. On Sept. 1, both parties mutually agreed to drop their respective lawsuits.
“We are happy to report that at the June hearing, the judge restated the well-known concept that no MGA ‘owns’ the renewals and the customer (and agent) are not only free to seek the best deal for renewal, but have a duty to do so,” Chaix stated.
Was this article valuable?
Here are more articles you may enjoy.
Opportunity for Private Flood Insurers With Threat of Another NFIP Lapse 
Owner of Assisted Living Home Where 10 Died in Fire Denied Access to Insurance Funds 
Howden-Driven Talent War Has Cost Brown & Brown $23M in Revenue, CEO Says 
GEICO Settles Call-Center Worker Suits for $940,000; Attorneys Get Half 
