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Jury Returns Verdict for State Fund in Cumbre Lawsuit

By Jim Sams (Senior Editor)

Monday, March 9, 2009 | 0

A jury on Friday found in favor of State Compensation Insurance Fund in a lawsuit filed by an insurance brokerage that claimed it was unfairly dropped from the carrier's preferred brokerage program.Ruben Medina, chief executive officer of Cumbre Insurance Services, said the San Bernardino County jury issued a two-part verdict on Friday morning: The jury found that Cumbre was harmed by State Fund's decision to drop it from the commission program, but that the process the carrier used to make the decision was fair.Medina declined to comment on whether he plans to appeal the verdict, refe...

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