Indemnity Insurance Corp. News

Former Insurance Exec Gets 37 Years for $100M Premium Fraud in Maryland

A Maryland businessman who prosecutors say stole more than $100 million in insurance premiums to live a life of luxury has been sentenced to 37 years in prison. Forty-year-old Jeffrey Brian Cohen of Reisterstown, Maryland, about 25 miles northwest of …

Nightclub Insurer Owner in Maryland Charged in $100M Policyholder Fraud

The owner of a Maryland-based insurer faces fraud charges for inflating the ratings of his company to win business, according to an indictment which seeks to recover more than $100 million in premiums his clients paid. Jeffrey Cohen, 39, of …

Nightclub Insurer Founder to Remain in Custody in Maryland

A federal judge says a Maryland businessman will remain in custody pending trial on charges of lying to Delaware insurance regulators. Jeffrey Cohen is the founder and former CEO of Indemnity Insurance Corp., which specializes in insuring nightclubs and bars. …

Nightclub Insurer Founder Fights Delaware Regulator Over Seizure

Indemnity Insurance Corp., which insures nightclubs, is at the center of a legal tug of war between its founder and the Delaware insurance commissioner. The dispute between company founder Jeffrey B. Cohen and Commissioner Karen Weldin Stewart involves the state’s …