Washington’s State Supreme Court has affirmed that insurers are liable for illegal actions committed by their agents, a decision that will enable the state’s insurance commissioner to continue to go after bad actors and insurance companies they represent among any industry lines, according to his office’s interpretation of the ruling. Insurance Commissioner Mike Kreidler hailed Thursday’s decision as a “win for consumers” that was delivered in a case that had challenged the commissioner’s authority in such matters. The agent was Land Title Co. of Kitsap County Inc., which was accused of offering inducements to get business, including plying real estate agents, builders and mortgage lenders with free meals, donations for a golf tournament, monthly advertising and Seattle Seahawks playoff game tickets, according to the charges. In its analyses the court explained that Land Title’s unlawful inducements constituted solicitation, for which Chicago Title was responsible as Land Title’s principal.
Posted on: Wed, 07 Aug 2013 18:41:41 +0000
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