HomeMy WebLinkAboutExhibit 1BILL McCOLLUM
ATTORNEY GENERAL
STATE OF FLORIDA
OFl E OF THE ATTORNEY GENERAL
LAURA DAUGHERTY
Research Economist
Antitrust Division
PL-01, The Capitol
Tallahassee FL 32399-1050
Telephone (850) 414-3855
Fax (850) 488-9134
May 1, 2007
Ms. Diana Gomez
Director of Finance
City of Miarni
3500 PanAmerican Drive
Miami, FL 33233
Dear Ms. Gomez,
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-Y .<
The Florida Attorney General, along with the Florida Department of Financial lervigss ants the
Office of Insurance Regulation, entered into a settlement agreement with Browne Bil{vn, Inc. in
December 2006. A copy of the settlement agreement is available at http://myfloridalegal.com/
webfiles.nsf/WF/MRAY-6WASVD/$fileBrown&Brown settlement.pdf
As part of the settlement agreement, Brown & Brown, Inc. has agreed to pay $1,800,000.00 to its
Florida governmental entity customers. I understand that your organization was a customer of
Brown & Brown, Inc. at some point between 1998 and 2005, thus your entity is entitled to share in
this money if it signs a release. A copy of the release (Exhibit "A") is enclosed for your review.
By signing the release and accepting the settlement amounts reflected in Exhibit "A," your
organization will waive any claims it may have concerning Brown & Brown's receipt of
undisclosed compensation from insurers. Please feel free to consult with your own attorney before
deciding whether to accept the settlement amount, as this office cannot offer any legal advice.
I have provided a self-addressed, stamped envelope for you to return the executed Exhibit "A" or
informour office of your decision to not accept the settlement amount. I need to hear from you by
no later than May 25, 2007. Please feel free to call me if you have any questions.
Sincerely,
Laura Daugherty
Enclosures
We have utilized Brown & Brown, Inc. data for the premiums paid by its Florida governmental entity
policyholders during the relevant time period to determine the pro rata share of the $1,800,000.00 for each
governmental entity.
EXHIBIT A
RELEASE
BACKGROUND: By virtue of a settlement, Brown & Brown, Inc. ("Brown") has paid a
sum of money for the benefit of its Florida governmental entity policyholder clients to resolve the
investigation conducted jointly by the Florida Department of Financial Services ("Department"), the
Florida Department of Legal Affairs, Office of the Attorney General, and the Office of Insurance
Regulation regarding undisclosed compensation allegedly received by Brown from insurers on
accounts such as yours. Brown has admitted no wrongdoing or liability in the settlement. Please be
advised that only those Florida governmental entity policyholder clients who execute this Release are
entitled to receive payments under the settlement.
RELEASE: For and in consideration of the approximate sum of $64,968.38, and other
end and valuable consideration in hand paid by Brown to the Department for distribution to the
eleasor, the Releasor, by executing this Release for itself and its respective divisions, subdivisions,
officials, officers, executors, attorneys, administrators, agents, successors, and assigns, hereby
Alves, releases, remises, forgives, acquits, and forever discharges Brown, including any parent,
bsidiary, or affiliated company of Brown (expressly including, but not limited to Program
anagement Services, Inc. ["PMSI" )), and their respective predecessors, successors, assigns,
ormer and current officers, directors, agents, representatives, officials, attorneys, and employees of
and from all manner of actions, cause and causes of action, suits, damages, whether compensatory,
onsequential or punitive, awards, claims, demands, and judgments whatsoever, whether sounding
in contract, quasi -contract or tort, in law or in equity, orany right of participation in any class
action, which Releasor now has against Brown or which it ever had, or which Releasor's successors
or assigns hereafter can, shall or may have regarding Brown's receipt of undisclosed compensation
from insurers through the date of the execution of this Release. Releasor acknowledges that, in
xaking this release, Brown does not admit any liability to Releasor.
IN WITNESS WHEREOF, the undersigned has caused this RELEASE to be executed
, 2007.
RELEASOR:
blic Entity:
Tax ID#:
Mailing Address:
Title:
Signature:
Print Name: