Producer discipline News

Idaho Falls Agent Pleads Guilty to Insurance Fraud

Idaho insurance agent Misty A. Adams was taken into custody this week after being sentenced for insurance fraud. A licensed insurance producer from Idaho Falls, Adams, 45, reportedly backdated her son’s auto insurance policy after he was involved in a …

Former Washington Insurance Agent Charged in $2.8M Premium Finance Case

Edward J. Chadwick, of Yakima, Wash., was charged this week with first-degree theft in Spokane County Superior Court. Chadwick was an insurance producer and owned an insurance agency called Kelt, primarily selling insurance to transportation companies. He was charged after …

Washington Insurance Commissioner Fines UnitedHealthcare $30,000

Washington Insurance Commissioner Mike Kreidler took disciplinary action in October against insurance companies, agents and brokers who violated state insurance regulations. A summary of cases of interest to Washington consumers is below. Insurance companies UnitedHealthcare of Washington, Seattle; fined $30,000 …

California Insurance Agent Arrested for Identity Theft And Forgery

Insurance agent Richard Valdriz, 52, has been charged with thirteen felony counts including identity theft, forgery, and grand theft after an investigation by the California Department of Insurance reportedly found that he had used the identity of policyholders to renew …

Former California Adjuster Hit With 180-day Sentence for Stealing $130K

Former licensed public adjuster John Schoon, 54, of Huntington Beach, Calif., was sentenced to 180 days in county jail and five years of felony probation after pleading guilty to three felony counts of embezzlement and one felony count of forgery. …

Washington Commissioner Fined Carriers, Producers and Others $724K in June

Washington Insurance Commissioner Mike Kreidler disciplined and issued fines in July totaling $724,000 against insurance companies, agents and brokers and others who violated state insurance regulations. Following are the names and fines provided by Kreidler’s office: Insurance companies Molina Healthcare …

Washington Commissioner Fines GEICO $30K for Raising Premiums on People Who Froze Credit Scores

Washington Insurance Commissioner Mike Kreidler issued fines in February totaling $49,200 against insurance companies, agents and brokers who violated state insurance regulations. The biggest fine was $30,000 against GEICO for not properly notifying consumers whose premiums it raised because they …

Washington Commissioner Fines Insurance Professionals $113K

Washington Insurance Commissioner Mike Kreidler issued fines in April totaling $113,600 against insurance companies, agents and brokers who he said violated state insurance regulations. The list, which Kreidler’s office releases periodically, is broken down by insurance company and below that …