Monthly Archives: <span>May 2016</span>

Herring Named Field Rep in California for Berkshire Hathaway GUARD

Berkshire Hathaway GUARD Insurance Cos. has named Traci Herring a senior field representative in Northern California. Herring is responsible for identifying prospects for appointments while providing information about available resources and new developments to existing members of the distribution network. …

Former California Claim Adjuster Pleads Guilty to Embezzling $289K

Elizabeth Louise Brown, 48, of Canyon Country, Calif., a former claims adjuster with Explorer Insurance, pleaded guilty to two counts of insurance fraud with a white collar crime enhancement penalty for crafting an elaborate scheme to defraud her employer of …

Washington Commissioner Fines Insurance Professionals $113K

Washington Insurance Commissioner Mike Kreidler issued fines in April totaling $113,600 against insurance companies, agents and brokers who he said violated state insurance regulations. The list, which Kreidler’s office releases periodically, is broken down by insurance company and below that …

Idaho Non-Resident Producer License Revoked

The Idaho Department of Insurance received notice from the Washington Office of Insurance Commissioner revoking the license of Randy W. Tate, a Washington resident. Idaho insurance code gives the director the right to revoke any insurance producer license that has …

Texas Regulators Seek Data on Residential Property Hail Litigation

The Texas Department of Insurance has issued a data call to gather information about the cost of weather-related residential property claims and the incidence of litigation of these claims. The Regulatory Policy Division is collecting this information to assist the …

Iowa Insurance Commissioner Sues Feds Over Failed Health Co-Op

Iowa Insurance Commissioner Nick Gerhart says federal health officials are unlawfully withholding millions of dollars owed to a failed health insurance co-op in his state. Gerhart, who is Liquidator for CoOportunity Health, filed suit against the U.S. Department of Health …

R-T Specialty Hires CRC Exec Sparling in New York

R-T Specialty LLC, the wholesale brokerage unit of Ryan Specialty Group LLC, has hired J.C. Sparling as executive vice president. He is based in New York City. Sparling is a seasoned property wholesale broker who has been in the business …

Fraud Leads to 20-Year Prison Sentence for Houston Insurance Agent

Harris County District Attorney Devon Anderson that a Houston-based insurance agent has been sentenced to 20 years in prison after a Texas Department of Insurance investigation uncovered an annuity scam, in which she bilked almost a dozen elderly clients out …

Louisiana Governor Wants Oil Industry to Pay for Coastal Restoration

Gov. John Bel Edwards is pushing to get the oil and natural gas industries to pay for restoring Louisiana’s fragile coast by encouraging them to settle lawsuits alleging they caused extensive damage to coastal lands. The governor met with industry …

New York State Insurance Fund Expands Pay-As-You-Go Payment Service

The New York State Insurance Fund (NYSIF) announced that it is expanding its pay-as-you-go premium payment plan, NYSIF PAYGO, to include additional payroll service companies. NYSIF said PAYGO is a simple and convenient way for eligible policyholders to pay their …