Insurance Broker Hit With $20M Suit Over RE Co.'s D&O Policy

Law360, New York (November 1, 2013, 8:20 PM EDT) -- Insurance brokerage Marsh & McLennan Cos. Inc. was hit with a $20 million contract suit Thursday by a real estate investment company client that accuses the firm of failing to advise it on how its 2007 merger would affect its directors and officers insurance policy.  

In a complaint filed in New York state court, landowner American Forest Holdings LLC claimed that Marsh & McLennan — American Forest’s only insurance broker — did not properly take steps to prevent its directors and officers insurance policy from being...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.