Insurance Broker Expert Witness On Louisiana Case Part 2

In the Paige Report: Digest of Important Decisions from 2009, insurance broker expert witness David H. Paige writes:

Life insurance agents’ client held to be insured CEO, and agent held not liable to investor in CEO’s company.

Part 2 -Implications for Agent/Broker Liability: Policyholder’s should not assume that they have a right to legal recourse if an insurance broker who is placing insurance to their benefit makes an error. In many situations, the court will only allow a legal remedy to those who the court considers to be the direct “client” of the insurance agent or broker. This decision is an example of the limitations that many courts place on the range of individuals who may seek compensation for what they believe to be insurance agent or broker misconduct.