premium financing News

Financing Firm to Pay $200K for Prematurely Cancelling Auto Policies in Mass.

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 …

Former Virginia Agency Owner Pleads Guilty to Insurance Fraud

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 …

Massachusetts AG Settles With Premium Financing Provider Flatiron Capital

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 …

Wisconsin Insurance President Indicted for Fraud

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 …