Mealey's Insurance - Panel Says Default Judgment Establishes Insurance Broker's Company As An Alter Ego

Mealey's Insurance - Panel Says Default Judgment Establishes Insurance Broker's Company As An Alter Ego

RALEIGH, N.C. - An entry of default judgment against an insurance broker as to breach of fiduciary duty and fraud claims was sufficient to establish that the broker's company operated as an alter ego, the North Carolina Court of Appeals held March 4, finding that a trial court erred in granting the company's motion to dismiss (Reeger Builders Inc. and Kitchen Creations of Georgia Inc. v. J.C. Demo Insurance Group Inc., et al., No. COA13-622, N.C. App.; 2014 N.C. App. LEXIS 259).

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