California Insurance Commissioner Ricardo Lara who apologized last week for taking reelection campaign donations from insurance industry executives and their families is under the spotlight again. Following a report in Politico that Insurance Commissioner Lara billed the state for his Sacramento apartment, a consumer group has called on California officials to investigate to determine the […]
California Insurance Commissioner Responds to Concerns Over Insurance Industry Reelection Campaign Donations, Meetings with Execs
In a letter to Californians on September 3, Insurance Commissioner Ricardo Lara responded to growing concerns over his reelection campaign’s acceptance of funds from executives and family members of insurance companies regulated by his office, breaking a campaign promise and the precedent of previous commissioners. The donations and closely timed meetings with insurance executives with […]
Colorado DOI Announces Noblr Approved to Sell Personal Auto Insurance
Colorado aims to be InsurTech hub. The Colorado Division of Insurance (DOI), part of the Department of Regulatory Agencies (DORA), has approved the personal auto insurance company Noblr to do business in the state. Easily classified as an InsurTech company, Noblr employs technological innovation through an app that leads to a real-time, usage-based pricing structure […]
Georgia Insurance Commissioner Steps Down
Georgia Insurance Commissioner Jim Beck announced yesterday that he is suspending himself from office. This means he will be absent from making decisions with regard to the daily operations of the Department of Insurance. In his absence, Chief Deputy Insurance Commissioner Drew Lane will perform the duties of the Insurance Commissioner as provided for by […]
Georgia Insurance Commissioner Indicted for $2 Million Fraud Scheme
Georgia Insurance Commissioner Jim C. Beck was indicted by a federal grand jury yesterday on charges of wire fraud, mail fraud and money laundering. The 38-count indictment alleges that Beck stole more than $2,000,000 from his former employer, the Georgia Underwriting Association, during the five years just prior to Beck’s election to statewide office in […]
Montana Insurance Commissioner Issues Cease and Desist Order Against Fake Auto Insurance Company
Montana Insurance Commissioner Matt Rosendale yesterday issued a cease and desist order against a Tennessee man for selling auto insurance policies to Montanans through an unlicensed and unauthorized company the man created. The State Auditor’s office knows of approximately 20 Montanans, mostly in the Flathead Valley area, who have purchased policies from Mervin Graber through […]
Access Insurance Company in Liquidation
According to a bulletin from the Pennsylvania Insurance Department, a Texas court has issued an order of liquidation for Access Insurance Company, an auto insurer which has 42,785 policies in Pennsylvania. The liquidation order was signed on March 13 after the Texas Insurance Department determined Access Insurance to be insolvent. An FAQ document is also […]
North Carolina Insurance Department Adds 15 Agents to Fight Fraud
North Carolina Insurance Commissioner Mike Causey is expanding the department’s criminal investigations division as part of his vision to eliminate insurance fraud in North Carolina. On March 16, 15 new special agents were sworn – in by State Supreme Court Justice Barbara Jackson as officers to the NCDOI Fraud Control Group – nearly doubling the […]
Iowa Insurance Commissioner to Speak at Midwest Auto Body Trade Show
Iowa Insurance Commissioner, Doug Ommen, has accepted the invitation to speak Saturday, February 17 at the General Session at the Midwest Auto Body Trade Show. This will be the first time, Commissioner Ommen will have the opportunity to meet many Iowans from the automotive aftermarket industry. Scott Weiser, Iowa Collision Repair Association Lobbyist, facilitated Commissioner […]
California Looks to Pass on Insurance Company Savings from Federal Tax Legislation to Policyholders
Consumer Federation asking all states to do so California Insurance Commissioner Dave Jones directed his department to commence a regulatory review of insurers’ rates and other lines of business where insurers would benefit from the federal tax cuts. The purpose of that review is to identify specific legal authority and necessary amendments to rate formulas […]