U.S. District Court for the Southern District of Florida in Miami. (Credit: Michael A. Mora/ALM) Insurer Hit With Over 340% Surge of Lawsuits in Florida Federal Courts
Among the lawsuits is a civil RICO action over allegations that the insurer and 10 other carriers have operated as a "cartel."
March 25, 2024 at 02:27 PM
3 minute read
What You Need to Know
- Hartford Financial Services has seen an over 340% surge in lawsuits this month.
- Among the surge is a civil RICO lawsuit seeking over $30 million in damages.
- In that action, the plaintiff claimed that the insurers offered back-end profits and commissions to independent brokers who steered customers into policies with higher premiums.
Hartford Financial Services has been battered by a barrage of lawsuits in the Sunshine State this month, with at least 10 federal district court actions filed during the week of March 11—roughly four times the typical weekly average.
Among those lawsuits is one filed by Jay Farrow of the Farrow Law Firm in Coral Gables, in which Hartford and 11 additional major insurers face a civil RICO action over claims that the companies have allegedly operated as a cartel by offering back-end profits and commissions to independent brokers who steer customers into policies with higher premiums.
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