Nationwide Insurance agent files lawsuit over business model change


A Nationwide Insurance agent in Virginia has filed a lawsuit against the company over its plan to shift its distribution model to independent agents.

The suit was filed this week in U.S. District Court for the Western District of Virginia. The agent, Patrick Potter, said in the complaint that the way Nationwide is forcing captive agents to become independent agents could harm retirement benefits and force them to pay to maintain relationships with their clients.

Nationwide announced in April…

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