Axiom Calls Rival's Latest Undercutting Claims Bogus

Law360, New York (August 16, 2011, 2:27 PM EDT) -- Axiom Insurance Managers Agency LLC on Monday asked a Florida federal judge to toss another suit filed by rival Indemnity Insurance Corp. that claims Axiom and two other insurance companies are poaching Indemnity's clients by offering insurance rates below market value.

Axiom says Indemnity's latest suit attempts to bypass the requirement of claiming a concrete violation of Florida insurance code, instead alleging a vague claim of tortious interference, which doesn't pass as a valid claim for relief.

“Florida courts have repeatedly held that labeling alleged violations...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.