The actions of Nationwide agent Jay Fletcher came under scrutiny in the case of Leonard vs. Nationwide as it was originally alleged that Mr. Fletcher discouraged Mr. Leonard from buying flood insurance.
While Mr. Fletcher himself was dismissed as a defendant when the case moved to federal court, just how he handled his dealings with Mr. Leonard is important for a number of reasons. Among them is the fact that, according to National Flood Insurance Program Administrator David Maurstad, about 50 percent of property owners in high-risk flood areas lack flood insurance.
In his opinion, Judge L.T. Senter accepted the fact that Mr. Fletcher told his client he did not need flood insurance. "Fletcher sometimes discouraged his clients from purchasing flood insurance policies. That much is clear from the testimony of a variety of witnesses, including Fletcher's office assistant, Cindy Byrd Collins," the judge wrote.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
