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California Insurance Commissioner Files Lawsuit to Prevent Iranian Investments

Steve Poizner -a California Insurance Commissioner, has stated that he is filing a lawsuit challenging last month’s decision from the California Office of Administrative Law (OAL) that his efforts to prevent insurance companies from investing in Iran constituted an “underground regulation.” Poizner’s lawsut contests the OA’s analysis of this issue and also seeks to clarify […]

flood insurance insurance fraud

Insurance Brief: Arkansas Man Sentenced for Defrauding FEMA

A resident of Fort Smith, Arkansas has been sentenced to 18 months in prison for lying to FEMA in order to receive disaster aid meant for Hurricane Katrina victims, the Insurance Journal reports. In addition to the prison sentence, United States District Judge Robert Dawson also ordered Anthony Owens, Sr., age 46, to pay restitution […]