Great American Gets Nod On $1.25M Deal In Agent Pay Suit
Law360 (April 3, 2019, 7:15 PM EDT) -- Great American Financial Resources insurance agents could be reimbursed for allegedly unpaid commissions under a $1.25 million settlement given initial approval Tuesday by a federal court in Cincinnati.
U.S. District Judge Susan Dlott said the insurer’s and agents’ settlement plans passed initial muster, bringing the agents closer to ending their claims that the life and long-term-care insurer cheated them out of policy commissions. The $1.25 million pot includes up to $450,000 for legal fees and costs.
In a 2017 complaint, the outside agents said they were sometimes cheated of commissions on life, long-term-care and Medicare-supplement policies when policyholders experienced premium increases or...
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