AmTrust Financial. Courtesy photo AmTrust Pays New York $1.25M Penalty for Years-Long 'No-Poach' Agreements
A 10-year, no-poach enforcement agreement will start in December, and the firm agreed to pay the seven-figure penalty, which amounts to $50,000 for each month it had the illegal agreements in effect.
July 25, 2022 at 03:32 PM
3 minute read
AmTrust Title Insurance Co. & First Nationwide Title Agency LLC will pay a $1.25 million penalty to New York and agreed to cease its years-long practice of eliminating competition through "no-poach" agreements with other agencies and underwriters, the state Attorney General's Office said Monday.
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