Broker Dismissed From Independent Fiduciary’s Suit Over Insolvent Health Plan

Mealey's (May 13, 2021, 10:52 PM EDT) -- CHICAGO — A federal judge in Illinois on May 3 dismissed with prejudice one insurance broker from an independent fiduciary’s lawsuit alleging that brokers breached their duty of care because they knew or should have known that a multiple employer welfare arrangement (MEWA) was not in compliance with its structural requirements and was not financially sound after the fiduciary indicated that it had reached a settlement with the broker....