Insurer Is Entitled To Rebate From Insurance Broker, 7th Circuit Says

Insurer Is Entitled To Rebate From Insurance Broker, 7th Circuit Says

CHICAGO - A revenue-sharing agreement (RSA) between an insurer and an insurance broker is ambiguous, the Seventh Circuit U.S. Court of Appeals affirmed Dec. 19, finding that the insurer was entitled to a rebate it earned during the period of the 2009 reinsurance placements (Homeowners Choice Inc. v. Aon Benfield Inc., No. 13-1846, 7th Cir.; 2013 U.S. App. LEXIS 25194).

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