Judge Awards $175,000 To Insurer For Insurance Agents' Breach Of Contract, Fraud

Judge Awards $175,000 To Insurer For Insurance Agents' Breach Of Contract, Fraud

LOS ANGELES - Insurance agents breached their contract and acted in fraud of their agency agreement with a life insurer, a California federal judge ruled Oct. 15, awarding a judgment in excess of $175,000 against the agents (United of Omaha Life Insurance Co. v. Crane Financial & Insurance Agency Inc., et al., No. 12-4614, C.D. Calif.; 2013 U.S. Dist. LEXIS 130142).

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