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CRC, Crump Insurance Services and R-T Specialty Reach Global Confidential Settlement Agreement

Posted on 08 May 2012

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CRC Insurance Services Inc., Crump Insurance Services Inc., and R-T Specialty LLC jointly announced today that the parties have resolved all existing disputes between them in a global, confidential settlement agreement, pursuant to which the pending lawsuits between the entities and their employees will be dismissed with prejudice.

About BB&T Insurance

Raleigh, N.C.-based BB&T Insurance, the sixth largest insurance broker in the U.S. and the seventh largest internationally, is made up of a group of subsidiaries of BB&T. BB&T Insurance operates 118 retail insurance agencies across the United States. BB&T's wholesale insurance operation includes CRC Insurance Services, Crump Insurance Services, Crump Life Insurance Services, managing general agent Southern Cross TAPCO Underwriters and managing general underwriter AmRisc LLP, which make up a national platform for wholesale property and casualty insurance placements. BB&T Insurance consistently earns Greenwich Excellence customer satisfaction awards for large corporate and middle-market insurance brokerage in the U.S.