State v. Acordia, Inc.

Defendant, an independent insurance broker, offered its clients insurance products from multiple insurance companies. Plaintiff, the State, brought this action against Defendant, alleging that Defendant's failure to disclose to its clients certain contingent commission agreements that it had entered into with the insurance companies violated the Connecticut Unfair Insurance Practices Act (CUIPA) and the Connecticut Unfair Trade Practices Act (CUTPA). The trial court rendered judgment in favor of Plaintiff. The Supreme Court reversed, holding (1) the trial court improperly concluded that Defendant violated CUIPA; and (2) in the absence of a CUIPA violation in this case, the CUTPA claim failed. View "State v. Acordia, Inc." on Justia Law