The Department of Consumer and Business Services (DCBS) revoked the insurance agent license of a Gresham man, Allan E. Richard, for violating the Oregon Insurance Code.
An investigation by the DCBS Insurance Division found that Richard backdated an insurance application to cover a loss. As a result of his dishonesty, Millers Casualty Insurance Co. paid a total of $104,280.15 in claims for an auto accident that occurred before insurance coverage was in effect. Richard has been licensed as an Oregon resident insurance agent since 1968.
Was this article valuable?
Here are more articles you may enjoy.
Good Times for US P/C Insurers May Not Last; Auto Challenges Ahead 
Warburg Mulls $1 Billion Sale of London Insurance Broker McGill 
New York Governor Hochul Vows to Tackle Insurance Affordability, Litigation and Fraud 
Experian: AI Agents Could Overtake Human Error as Major Cause of Data Breaches From This Issue
