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INSURANCE TRIPLE CROSS
Brooks Development Group and DiNunzio Property Management are two large companies that are in the process of merging into a single company, Brooks DiNunzio Property Management, Inc. George Brooks & Associates is the parent company of Brooks Development Group, and DiNunzio & DiNunzio is the parent company of DiNunzio Property Management.
One of the decisions that the respective parent companies must iron out in order to complete the merger is which insurance broker will carry the property and casualty insurance for the new company. The Brooks companies have always used Bower & Dunn, and the DiNunzio companies have always used Flannery-Cabrizi. Each of these brokerages has made a proposal to carry the insurance for the merged company, and the winning or losing of this account will have a huge impact on the revenue of either brokerage.
Unable to decide on their own, the two parent companies have enlisted Kilpatrick Gudeman Baker, an independent auditing firm, to evaluate the proposals of each brokerage and recommend one of them for the new merged company.