The Clark County School District in Nevada says it will pay a former insurance broker $1.65 million to settle a lawsuit that claimed the public agency ended the broker’s contract prematurely.
Business Benefits Inc. sued the district in May 2014 after the company’s contract was terminated with less than six-months notice after the firm raised its commission level.
The company acted as a go-between brokering insurance between the district and health insurance companies with the firm getting a commission from the insurer. The district says the settlement will be paid from its risk management fund.
Copyright 2024 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
Study Urges Rethinking of Disaster Management in Era of Compounding Events 
Progressive Q2 Net Income Skyrockets Over 320% 
AIG Files Amended Suit Against Former Execs, Dellwood Insurance 
What Happened to Reinsurance ‘Class of 2023’? Hard Market Defies Age-Old Patterns. From This Issue
