Mealey's Insurance - Panel Upholds Stay Of Case Against Broker Pending Filing Of Suit In Texas

Mealey's Insurance - Panel Upholds Stay Of Case Against Broker Pending Filing Of Suit In Texas

LOS ANGELES - A California appeals panel on March 5 affirmed an order dismissing in part insurance agents' lawsuit against an intermediate insurance broker regarding the broker's role in lapsed insurance policies pending the agents' filing suit in Texas based on a forum selection clause between the parties (Madick Insurance Services, et al. v. 3 Mark Financial Inc., No. B249500, Calif. App., 2nd Dist., Div. 8; 2014 Cal. App. Unpub. LEXIS 1593).

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