A former Marshalltown, Iowa insurance agent has been indicted on federal mail fraud charges after being accused of defrauding customers for nearly a decade. The Marshalltown Times-Republican reported that 65-year-old William Arthur Thiede was charged with five counts of mail …
A former Dickinson, N.D., insurance agent convicted of stealing tens of thousands of dollars from a client has been sentenced to 10 years in prison. A jury in April found Scott Biggs guilty of five counts of felony theft of …
Federal prosecutors have charged a former Kansas insurance agent with stealing nearly $2 million from policyholders. The U.S. attorney’s office says a 51-count indictment unsealed June 25 alleges 41-year-old Jason Matthew Pennington, of Bel Aire, defrauded customers and lied to …
A report this month from consulting firm McKinsey & Company says market forces and technology are changing the role of the agent in the property/casualty insurance distribution. The report, titled “Agents of the Future: The Evolution of Property and Casualty …
A 35-year-old Denham Springs, La., man has been sentenced in Baton Rouge federal court to nearly five years in prison and ordered to pay two life insurance companies more than $1.4 million for frauds he committed against them. The Advocate …
As the Internet continues to take hold over the independent insurance agent’s market share, the value-added services a broker can provide to their clients are more important than ever, especially in the high-net worth space. Being an advisor, and not …
MarketScout has developed a new errors & omissions facility designed specifically for Certified Insurance Counselors (CIC) to be offered through its relationship with Ironshore Inc., a global specialty insurance company. The new facility will also work in cooperation with The …
A Norman, Okla., insurance agent has been charged with fraudulently obtaining workers’ compensation insurance policies for roofing companies. Oklahoma Attorney General Scott Pruitt’s office on April 5 filed charges against 27-year-old Fernando Espinoza, accusing the Farmers Insurance agent of making …
More often than not, a second wave of claims against insurance agents by their clients follows a natural disaster. As parties find themselves without the coverage they expected after a catastrophe, it appears to be a natural reflex for them …
The state is lowering the fee Ohio insurance agents and agencies pay to have their licenses renewed late or reinstated. Lt. Gov. Mary Taylor, who also leads Ohio’s Department of Insurance, says the move is aimed at maintaining the state’s …
