Maryland Insurance Commissioner Beth Sammis has suspended the license of Oklahoma-based Imperial Casualty and Indemnity Co., after a district court in its home state ordered the company liquidated.
Oklahoma regulators moved to seize the workers’ compensation insurer in April, alleging that its owners orchestrated several complex transactions aimed at deceiving the state over the financial soundness of the company.
Imperial has been licensed to write in Maryland since 1963.
The order requires the company to cease writing new and renewal business in the state.
Was this article valuable?
Here are more articles you may enjoy.
Brown & Brown Estimates Cost of Howden-Driven Talent War Could Hit $60M in 2026 
Record-Low Danube Water Levels Leave Boats Beached, Reveal Decades-Old Shipwrecks 
Jury Awards 78-Year-Old Victim $56 Million for Crash Caused by Amazon Delivery Driver 
FTC Sues Hims & Hers for Sending User Health Info to Meta, Snap 
