Conn. AG Scores Victory In Acordia Commissions Case

Law360, New York (April 22, 2010, 6:47 PM EDT) -- Handing a victory to the Connecticut attorney general, a Connecticut state court has found that insurance broker Acordia Inc. should have told customers about commissions it received as part of an agreement to give a group of preferred insurance companies “first shot” at its business.

Judge Kevin G. Dubay ruled Monday that Acordia, now owned by Wells Fargo & Co., violated Connecticut law when it failed to disclose to clients the agreement it had reached with select insurance companies — including Chubb Corp., The Hartford Financial...
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