States Sue Insurance Broker Over Kickbacks
Suits were filed in Connecticut, Illinois and New York. The suits allege that Acordia, based in Chicago, allegedly signed “secret” agreements in which certain insurers paid Acordia undisclosed commissions in exchange for Acordia steering customers to those "preferred" insurers.
Acordia, a subsidiary of Wells Fargo Bank, didn’t disclose the partnerships to its customers, which the suits...
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