T&H Brokers Found Negligent In AIG Premium Dispute

Law360, Los Angeles (November 7, 2013, 7:27 PM EST) -- T&H Brokers Inc. was negligent when it negotiated with American International Group Inc. for a construction contractor's policy, the New York State Supreme Court ruled in an opinion filed Thursday, finding T&H failed to notice and tell its client that the policy carried steep premium penalties.

The George A. Fuller Co. Inc. said it asked T&H to negotiate and secure a policy to cover two future construction projects, and that they agreed to a policy with a premium that would increase 25 percent if Fuller did...
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.