Nevada School District to Settle Insurance Broker Suit for $1.65M

clarkThe Clark County School District in Nevada says it will pay a former insurance broker $1.65 million to settle a lawsuit that claimed the public agency ended the broker’s contract prematurely.

July 20, 2015

Business Benefits Inc. sued the district in May 2014 after the company’s contract was terminated with less than six-months notice after the firm raised its commission level.

The company acted as a go-between brokering insurance between the district and health insurance companies with the firm getting a commission from the insurer. The district says the settlement will be paid from its risk management fund.

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