Broker doesn’t have to inform contractor that insurer went broke, California court rules

A California appellate court ruled that an insurance broker did not have a duty to inform a subcontractor that a project’s insurer had gone bankrupt.

March 22, 2012

A California appellate court ruled that an insurance broker did not have a duty to inform a subcontractor that a project’s insurer had gone bankrupt.

Other states have laws requiring a broker to provide such notice, but California does not.

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