The Michigan Office of Financial and Insurance Regulation (OFIR) recently announced that some Detroit-area drivers may have unknowingly purchased fraudulent automobile insurance policies from unlicensed insurance agent.
According to the OFIR, Shaker Uddin Sadeak, through an unlicensed insurance agency named Al Baraka Enterprise in Southfield, was selling bogus certificates purporting to have coverage through a legitimate insurance company.
A concerned Detroit-area driver who purchased insurance from Sadeak notified OFIR after discovering misspellings and other discrepancies on an insurance certificate.
OFIR ordered Sadeak and Al Baraka to cease and desist from conducting unlicensed and fraudulent insurance activity, and handed the results of its investigation over to law enforcement agencies.
Was this article valuable?
Here are more articles you may enjoy.
Bill to Curb Staged Accidents Introduced in Senate 
Viewpoint: Who Gets Credit for Successful Renewal During Soft Reinsurance Market? 
eBay Settles Couple’s Harassment, Stalking Claims for $55.7 Million 
As US Residential Solar Industry Craters, Florida Bucks Trend From This Issue
