insurance agent News

Court Upholds California Broker’s License Revocation for Sexual Misconduct

The Court of Appeal upheld a decision by California Insurance Commissioner Dave Jones to revoke the broker-agent license of Wellman Dale Shew, 55, of Fresno. When the California Department of Insurance learned that Shew had two misdemeanor convictions in California …

California Agent Nabbed on Bogus Bond, $100K Premium Theft Charges

Licensed insurance agent Lars Hedegaard, 63, of Danville, Calif. was arrested on two felony counts of grand theft. Hedegaard was doing business as Westport &Associates Insurance Services Inc. when he allegedly issued 14 fraudulent bonds to contractors and collected $111,365 …

Former California Agent Pleads Guilty in $6M Fraud Case

An Upland, Calif. man has pleaded guilty to federal bank fraud and tax charges in relation to a loan scam that reportedly netted him more than $5.9 million. Derek Richard Brewart, 53, a former licensed insurance agent and owner of …

Former Southern California Agent Sentenced in $100K Fraud Case

Isidro Santillan, 54, has been sentenced to three years in state prison and agreed to pay more than $133,000 in restitution to multiple victims. For more than two years Santillan reportedly embezzled more than $100,000 from clients, pocketed premium money …

Southern California Agent Arrested For Scamming Insurers For $1.4M

Eric Lee, 64, of Orange County, Calif., was arrested last week by the California Department of Insurance and charged with 20 felony counts, including grand theft and allegedly providing false or misleading information to an insurer during a scheme that …

Former Oklahoma Insurance Agent Sentenced for Selling Sans License

A former Oklahoma insurance agent has received a five-year suspended sentence and a $2,500 fine for selling insurance without a license. Preston Chadwick Henson, 44, was convicted of the felony after entering a no contest plea in Kingfisher County. The …

California Insurance Agent Faces 96 Felony Counts

Jacob Richard Bonzer, 27, formerly of Lake Forest, Calif. was arrested Wednesday in Chicago by a U.S. Marshals Task Force on 96 felony counts including grand theft, forgery and denial of benefits. According to a joint investigation between the California …

Farmers Looks to Add 85 Agency Owners Across Washington

Farmers Insurance is looking to grow its presence in Washington by adding 85 agency owners throughout the state. Candidates with a record of previous sales success, those with experience in the financial sector, and those who have recently entered into …

Allstate Recruiting Agency Owners in California

Allstate Insurance Co. plans to add additional agency owners in California in 2014, the company announced on Thursday. The Northbrook, Ill-based company is expanding its recruiting campaign for the sixth consecutive year.  Allstate signed 73 new agency owners in California in 2013. It added …

Southern California Agent Sentenced For Ponzi Scheme

Michael Zuno Zuniga, 43, of Fullerton, was sentenced to five years in Los Angeles County Jail and ordered to pay $1.2 million in restitution for his participation in a Ponzi scheme targeting Los Angeles area seniors. Zuniga was arrested in …