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Jury Backs Award to Terminated Agent, Nationwide May Appeal

In a legal decision that some observers say has the potential to impact relationships between independent agents and carriers, a jury in the United States...
December 21, 2004

In a legal decision that some observers say has the potential to impact relationships between independent agents and carriers, a jury in the United States District Court in Connecticut awarded $2.3 million in compensatory damages to an independent insurance agent. Alex Charts, for 23 years reportedly one of the most successful and respected agents for Nationwide Insurance, sued Nationwide after it terminated his contract in January 1996. The jury found that Nationwide terminated Charts' without good cause. Commenting on the verdict, Nationwide disagreed. You can read a report on this case here .

Jury Backs $2.3 Million Award (Insurance Journal 12/17/04)

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