insurance broker News

ALKEME in California Undergoing ‘Regional Alignment’ to Improve Efficiency

ALKEME in California announced the creation off two regions called West – North region and the West – South/South Pacific region for its operations as part of actions the firm said will enhance operations, speed decision-making and improve efficiencies. ALKEME …

Montana Brokerage Owner Admits to Defrauding Customers

Kileen Moria Hagadone, 57, owner of Rosebud County Insurance Inc., pleaded guilty to wire fraud and to aggravated identity theft. Hagadone faces a maximum of 20 years in prison, $250,000 fine and three years of supervised release on the wire …

Viewpoint: California Regulatory System Hurting Independent Agents and Their Clients

Millions of California insurance consumers are being adversely affected and incurring higher costs of insurance due to the malfunctioning insurance regulatory system in California. Moreover, the broken regulatory environment is undermining, and in some cases, threatening to destroy, independent insurance …

California Launches Remote Insurance Licensing Exams

The California Department of Insurance has launched remote testing for license examinations, designed to provide more flexibility and opportunities to thousands of insurance license candidates in light of existing COVID-19 social distancing requirements and local public health orders. The CDI …

Employee Charged with Stealing $900K from New Jersey Insurance Broker

A former accounting specialist in the Ridgefield Park, N.J., office of an insurance broker was arrested and charged with allegedly defrauding her employer of approximately $900,000, Acting U.S. Attorney William E. Fitzpatrick announced. Violeta McGough, 55, of Bergenfield, N.J., has …

Embracing Change Key to 100 Years for California-based Woodruff Sawyer

When encountering a centenarian one often asks their secret to longevity. Embrace change. That’s was the secret Andy Barrengos, CEO of Woodruff Sawyer, shot back to the question without hesitation. Barrengos, 54, is himself barely halfway to the 100-year-mark. However, …

Judge Rules Convicted Swindler in Connecticut Won’t Have to Pay Restitution

A judge has ruled that a former Connecticut insurance broker convicted of swindling millions of dollars from several elderly clients won’t have to repay the money, as originally ordered. Galan Newton was sentenced to 15 years in prison in 2001 …

Former New York Insurance Broker Sentenced to Prison for $1.8M Scheme

A former insurance broker in Long Island, N.Y., who pleaded guilty to grand larceny and fraud has been sentenced to serve three to nine years in prison. Suffolk County District Attorney Thomas Spota said Tuesday that 44-year-old Kimberly Graziano, of …

New York Insurance Broker Sentenced in $1M Fraud Scheme

An Albany insurance broker has been sentenced to nine years in prison for a $1 million securities fraud scheme. Lawrence D. Rosenbaum previously pleaded guilty to charges including grand larceny and securities fraud. He also admitted failing to file state …

Wood Gutmann & Bogart in California Gets New Brand Identity

Wood Gutmann & Bogart Insurance Brokers in Tustin, Calif. adopted a new logo and created an insignia as part of new look for the firm. The firm said it worked with employees and partners to develop a brand identity that …