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Court Finds Insurance Broker Liable To Insured For Breach Of Contract, Negligence

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NEW YORK - An insurance broker breached its contract and acted negligently in failing to notify an insured that no policy existed for a certain period during which allegations that it solicited employees were made, a New York trial court ruled April 12, finding the broker liable to the insured for an underlying settlement (The IDW Group LLC v. Levine Insurance Risk Management Services Inc., et al., No. 603892/2009, N.Y. Sup., New York Co.; 2013 N.Y. Misc. LEXIS 1502)....(read more)

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