Panel: Insurance Agency Franchisor Failed To Fulfill Settlement Duties

Mealey's (June 1, 2020, 1:12 PM EDT) -- CINCINNATI — The franchisor of insurance agencies failed to give a sufficient excuse justifying its failure to release withheld commissions earned by franchisees and to notify existing insurer clients of the settlement agreement reached with franchisees, the Sixth Circuit U.S. Court of Appeals ruled May 26 (L.A. Insurance Agency Franchising, L.L.C. v. Suleiman Kutob, et al., No. 19-1927, 6th Cir., 2020 U.S. App. LEXIS 16939)....