license revocation News

Amended Complaint: Texas Public Adjuster Losses Nearly $8 Million

A public adjuster who is accused of pocketing insurance payouts intended for policyholders took a total of $7.9 million from 14 customers, including four churches, according to an amended complaint filed by the Texas Department of Insurance. The Texas State …

Iowa Insurance Agent Fined $18K, Loses License Over Fraudulent, Dishonest Practices

An Iowa insurance agent has been ordered to pay $18,000 in civil penalties and relinquish her producer’s license over fraudulent and dishonest business practices, regulators say. The Iowa Insurance Division cited Brenda Murray of Garnavillo, Iowa, for fraudulent and dishonest …

Maryland Insurance Administration Issues Order Revoking License of Aliera Healthcare

The Maryland Insurance Administration (MIA) issued an order revoking the insurance producer license of Aliera Healthcare Inc. The February 27 order states that the company was actively trying to sell an unauthorized health insurance plan in Maryland in violation of …

Michigan Fines Agent $25K, Revokes License in Auto Insurance Fraud Case

A Michigan agent has been fined $25,000 and had his insurance license revoked after an investigation revealed he had been creating and selling fake auto insurance certificates, the state’s insurance regulators say. The Michigan Department of Insurance and Financial Services …

Former Wisconsin Agent Ordered to Pay to $516K in Restitution, $1M Forfeiture

A former Wisconsin insurance agent has been ordered to pay more than $516,000 in restitution and a forfeiture of over $1 million for allegedly of misappropriating funds, making misrepresentations about insurance policies, and forging customer signatures on insurance documents, the …

Licenses of Michigan Pair Selling ‘One-Day’ Auto Policies Revoked

Michigan insurance regulators have permanently revoked the insurance licenses of father and son insurance agents and their agencies for selling fraudulent insurance certificates. The Michigan Department of Insurance and Financial Services (DIFS) in January suspended the licenses agents of Dearborn-based …