Carter Lincoln-Mercury, Inc. v. Emar Group, Inc.

The opinion of the Court was delivered by

STEIN, J.

The question presented is whether an insurance broker engaged to obtain insurance on behalf of a prospective insured owes a duty to a loss-payee subsequently named on the acquired policy to place the insurance with a financially stable insurance carrier.

EMAR Group, Inc. (“EMAR”), an insurance broker and agent, placed a collision policy with American Lloyds Insurance Company (“American Lloyds”) on behalf of EMAR’s client, All Points, Inc., also known as Goldstar Express (“All Points”), a commercial trucking company. The policy provided…