Deutsche Sued For Unpaid Commission On Insurance Claim

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Law360, London (August 26, 2020, 4:07 PM BST) — A broker specializing in recovering unpaid insurance claims has sued Deutsche Bank for allegedly failing to pay out $385,000 in commission after the British company said it attempted to help the lender claw back more than $2 million from marine and […]

Law360, London (August 26, 2020, 4:07 PM BST) — A broker specializing in recovering unpaid insurance claims has sued Deutsche Bank for allegedly failing to pay out $385,000 in commission after the British company said it attempted to help the lender claw back more than $2 million from marine and machinery policies.

BankServe Insurance Services Ltd. has brought a lawsuit at the High Court against Deutsche Bank for loss and damages it claims it suffered when the bank allegedly breached a February 2016 agreement.

The broker said in a filing dated Aug. 8 but only recently made public that Deutsche had agreed to pay it commission for helping to collect outstanding…

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