A Buckeye, Ariz., woman who ran an insurance brokerage firm but kept premiums her clients intended to pay for their policies has been sentenced to 2 1/2 years in state prison. The Arizona Department of Insurance announced the sentence for …
Gov. Doug Ducey has chosen the head of the state’s insurance department to also serve as interim director of Arizona’s financial institutions agency while the two are consolidated. Keith Schraad has directed the Arizona Department of Insurance since February 2018. …
An Arizona man has been sentenced to 3 1/2 years in prison for selling fake insurance policies to commercial environmental businesses. Prosecutors say Brian McFarland must also pay full restitution of more than $450,000 to the 87 defrauded businesses. The …
Gov. Doug Ducey has appointed Leslie Hess as the interim director of the Arizona Department of Insurance. Hess has worked in the insurance and financial services industries, in both the private and public sectors, for over 25 years. Hess was …
The National Association of Insurance Commissioners announced that the Arizona Department of Insurance has licensed State Based Systems, an NAIC-owned and operated regulatory tool. “We are confident in the ability of SBS to help us significantly streamline our processes and …
Arch Capital Group Ltd., through its U.S.-based subsidiaries (Arch U.S. MI), will acquire all outstanding equity interests in San Francisco, Calif.-based CMG Mortgage Insurance Co. from bankrupt Arizona-based PMI Mortgage Insurance Co. and CUNA Mutual Group, it was announced on …
Arizona Gov. Jan Brewer has named Germaine Marks the Acting Director of the Arizona Department of Insurance. Marks is being appointed to serve in this capacity due to the pending retirement of outgoing Insurance Director Christina Urias. Urias’ retirement is …
Health insurance companies in Arizona are facing scrutiny from Washington as federal authorities have taken over reviews of rate increases of 10 percent or more from the state. The Arizona Republic reported that federal regulators have called one company’s most …
