Connecticut Supreme Court: Insurance Broker Did Not Violate Unfair Trade Practices

HARTFORD, Conn. - An insurance broker did not violate the Connecticut Unfair Trade Practices Act (CUTPA), General Statutes Section 42-110a, et seq., and the Connecticut Unfair Insurance Practices Act (CUIPA), General Statutes Section 38a-815, et seq., the Connecticut Supreme Court held Aug. 27, reversing a trial court's judgment on the basis that the court erred in relying on the broker's alleged fiduciary duty (State of Connecticut v. Acordia Inc., No. SC 18756, Conn. Sup.; 2013 Conn. LEXIS 294).

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