Insurer, Broker Argue In 7th Circuit Over Duty Related To Fraudulent Policies
(November 18, 2015, 10:24 AM EST) -- CHICAGO — A first-level insurance provider and a sub-broker filed briefs in the Seventh Circuit U.S. Court of Appeals, debating whether the broker owed any duty and, therefore, bore any liability for its role in the procurement of insurance policies that were ultimately discovered to be fraudulent (M.G. Skinner and Associates Insurance Agency Inc. v. Norman-Spencer Agency Inc., No. 15-2290, 7th Cir.).
Insurance broker M.G. Skinner and Associates Insurance Agency Inc. was the program administrator for Western Consolidated Premium Properties Inc. Western is a...