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.
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