Insurance Broker Settles
May 23rd, 2008 by Mike VasilindaDozens of local governments will benefit from a four million dollar settlement reached by state with insurance broker Aon. The company is alleged to have been paid commissions for directing business to certain companies which were not always in the best interests of the local governments. Sandi Copes of the Attorney Generals office says local government will share two point six million dollars.
“The insurance brokers might have been steering some policies towards other places that they really should have been going…and the bottom line was corporate entities and public entities might have been paying more for their premiums then they needed to, ” says Copes. “So when we discovered these allegations we worked with the company, and we believe that through the new disclosures they have to file that there will be a larger area of transparency.”
1.4 million of the four million dollar settlement will go to state government to cover the costs of the investigation.
Here is a list of the governments who will share the settlement:
Areawide Housinelderly of |
Bay Medical Center Inc. |
Broward County Sheriff`s Office |
City of |
City of |
City of |
City of |
City of |
City of |
City of |
City of |
City of Miami Community Redevelopment Agency |
City of |
City of |
City of |
City of |
City of |
City of |
City of |
City of |
City of |
City of |
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Daytona Beach Community College District Board of Trustees |
Downtown Development Authority |
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Greater |
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Hardee County Council on Aging |
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Hillsborough |
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Hillsborough County Public Schools |
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Jackson County Hospital District |
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Martin County Council for Arts |
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North Broward Hospital District |
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Reedy Creek Improvement District |
Seaside Town Council, Inc. |
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Shands Teaching Hospital and Clinics |
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Suwannee Water & Sewer District |
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Town of |
Tri-County Commuter Rail |
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