The Consumer Financial Protection Bureau recently issued a final rule as part of the Dodd-Frank Act, and thanks to the lobbying efforts of the Independent Insurance Agents & Brokers of America (Big “I”) and others, premium financing transactions have been …
H.W. Kaufman Group has acquired Dallas-based premium financing firm, Stonemark Inc., with plans to merge it into Kaufman subsidiary, Royal Premium. The merger will create a new organization under the Stonemark brand. Stonemark recorded more than $125 million in annual …
An Illinois-based premium financing provider has agreed to pay $200,000 to resolve allegations that it illegally and prematurely cancelled certain financed auto insurance policies affecting nearly 200 Massachusetts customers. The agreement was announced Thursday by Massachusetts Attorney General Martha Coakley’s …
A former Virginia insurance agent, who also owned her own insurance agency in Cumberland County, Va., will spend the next five years on supervised probation after pleading guilty to felony charges. She will also pay more than $141,500 in restitution …
A Colorado-based premium financing provider has agreed to pay $42,000 to resolve allegations that it illegally and prematurely cancelled certain financed auto insurance policies belonging to nearly 50 Massachusetts customers. The settlement was announced by Massachusetts Attorney General Martha Coakley …
A federal grand jury has indicted the president of a Wausau insurance company on 24 counts of fraud. According to an indictment, J.N. Manson Agency President Timothy Mathwich forged insurance premium finance notes for customers who never requested them and …
