CRC Insurance Services, Crump Insurance Services, and R-T Specialty said that all the parties have resolved all existing disputes between them.
All the three parties said that the conflicts have been resolved on a global, confidential settlement agreement, pursuant to which the pending lawsuits between the entities and their employees will be dismissed with prejudice.
BB&T Insurance is one of the sixth largest insurance brokers in the US and the seventh largest internationally, is made up of a group of subsidiaries of BB&T.
BB&T Insurance manages 118 retail insurance agencies throughout the US. BB&T's wholesale insurance operation comprises CRC Insurance Services, Crump Insurance Services, Crump Life Insurance Services among others.