Michigan insurance broker News

A Troy, Mich., insurance broker was sentenced last week to 14 months to 20 years in prison on one count of racketeering, the state attorney general’s office announced. Michigan Attorney General Bill Schuette said John Flaherty, 70, was also ordered …

A northern Michigan insurance broker accused of manipulating elderly clients has pleaded guilty to fraud. Prosecutors say William Lowder persuaded clients to change their investments and put money in annuities handled by his Traverse City-area office. Lowder instead enriched himself …