Supreme Court agrees with state regulators: Insurers responsible for agent’s illegal action

This is fromĀ  | The Politics Blog | The Olympian

Not sure if this is a first but it appears now underwriters will be liable for their agents RESPA violations.

The Washington Supreme Court sided with the state insurance regulators Thursday in a case involving a Kitsap County insurance agency, Land Title Co., that was a contracted agent for Chicago Title. The court said in a 6-to-2 decision that Chicago Title was liable for the illegal actions by its agent, which had given out inducements including Seattle Seahawks playoff tickets in its efforts to secure business referrals.

Read more here: http://www.theolympian.com/2013/08/01/2652198/supreme-court-agrees-with-state.html#storylink=cpy

 

Supreme Court agrees with state regulators: Insurers responsible for agent’s illegal action | The Politics Blog | The Olympian.