Insurance Broker Warpped up in Possible Class Action

Vincent Stanford's 7 billion ponzi scheme may cause class actions against third party vendors who did business with Stanford. Victims may pursue class actions and one of the possible targets is Willis. Apparently, the victims contest that Willis gave them a false sense of security by issuing insurance and risk services for Stanford. If these cases go forward it could change case law that defines a brokers relationship to third parties that a policyholder deals with. I will have to keep an eye on this one and report to you later. Until next time be careful out there and know your risks. K

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