Beacon Industries, Inc. v. Walter Kaye Associates, Inc.

This appeal in a diversity case concerns the duty of an insurance broker to obtain favorable rates for its client. Defendant-appellant Walter Kaye Associates, Inc. (“Kaye”), an insurance broker, appeals from the judgment of the District Court for the District of Connecticut (M. Joseph Blu-menfeld, Judge) awarding $26,086.11 to plaintiff-appellee Beacon Industries, Inc. (“Beacon”), the insured. The amount awarded, less prejudgment interest, represents what the District Court concluded was an overpayment of approximately $17,000 charged to Beacon for its workers’ compensation insurance due to…