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.
‘Structural Shift’ Occurring in California Surplus Lines
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance
BMW Recalls Hundreds of Thousands of Cars Over Fire Risk
AIG Underwriting Income Up 48% in Q4 on North America Commercial 


