Washington Insurance Commissioner Mike Kreidler News

What University of Washington’s Climate Risk and Insurance Summit Has in Common with Paris

It may not be a climate change summit for the ages like last year’s Paris meeting in which world leaders hashed out a historic agreement to reduce carbon emissions, but it does have two things in common with the 2015 United …

Washington Commissioner Fines Insurance Professionals $113K

Washington Insurance Commissioner Mike Kreidler issued fines in April totaling $113,600 against insurance companies, agents and brokers who he said violated state insurance regulations. The list, which Kreidler’s office releases periodically, is broken down by insurance company and below that …

Idaho Non-Resident Producer License Revoked

The Idaho Department of Insurance received notice from the Washington Office of Insurance Commissioner revoking the license of Randy W. Tate, a Washington resident. Idaho insurance code gives the director the right to revoke any insurance producer license that has …

Washington Commissioner Fines Insurance Professionals $17K

Wasington Insurance Commissioner Mike Kreidler took enforcement action and issued fines totaling $17,675 last month against insurance companies and producers who he says violated state insurance regulations. Here’s the list of fines and what Kreidler says warranted them: Insurance companies …

Economics of Climate Change, Climate Fiction and Climate Control

With fresh news out on the global economic cost of climate change, an enticing climate fiction contest and a sweet victory for this column, it would take until Christmas to individually cover it all in a bimonthly space. So I’ll give …

Insurers Stepping Toward Greater Green Investment Footprint

This is the second of a two-part column on green bonds. The first installment focused on bond sales. Australian carrier QBE Insurance Group Ltd. has invested $190 million Australian Dollars ($148.42 million) in four green bonds in the last year-and-a-half, …

Washington Commissioner Says Hole-in-One Insurance Scammer at It Again

It appears hole-in-one insurance scammer Kevin Kolenda has been at it again, according to detectives in Washington Insurance Commissioner Mike Kreidler’s office. Kolenda was arrested on Monday in Norwalk, Conn., during a search of his residence. Kreidler’s detectives worked in …

Climate Change Regulations for Insurers Not Out of Realm of Possibility

Some sort of climate change regulation for the insurance industry could be just around the corner. Then again, it might not be. It’s a tossup in the eyes of Don Reed, a managing director in PricewaterhouseCoopers’ U.S. sustainable business solutions …

Former Washington Adjuster Pleads Guilty To $135,000 Theft

Former Nationwide Insurance claims associate Fariborz Romeo Rahrovi, 40, on Friday pled guilty in King County Superior Court in Washington to two counts of theft, criminal conspiracy and money laundering related to the theft of an accident victim’s $525,000 insurance …

Washington Commissioner Disciplines Insurers, Producers

Washington Insurance Commissioner Mike Kreidler in September disciplined several insurance companies, agents and brokers who violated state insurance regulations. Following are the names of the parties, their locations and the violations the Office of the Insurance Commissioner reported to have …