Insurance Broker Says Rival 'Misused' Pricing Data
Law360, London (November 19, 2019, 4:45 PM GMT) -- An American self-storage insurance broker has renewed allegations that a British rival exploited confidential information to drum up new business, telling a London judge that the company had "misused" its pricing details.
OTM Insurance Specialist LLC claimed that Basil E. Fry & Co. Ltd. set its pricing and insurance risk ratings using confidential data provided by the American broker, according to a filing at the High Court dated Nov. 12. The broker said it provided Surrey-based Basil Fry with the information under a partnership agreement to allow it to calculate how much to charge for self-storage insurance.
The British company and...
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