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SACRAMENTO, Calif. – Ricardo Lara took office as California Insurance Commissioner at a ceremony in Sacramento on Monday, January 7, pledging to help Californians recover from wildfires while defeating the threat of climate change. Commissioner Lara is the eighth Insurance Commissioner of California since voters created the position in 1988.
There were 142 announced insurance agency mergers and acquisitions during the first quarter of the year, according to OPTIS Partners’ M&A database. It was the fourth-highest quarterly total, trailing only Q1-2017, Q2-2017 and Q4-2017.
Insurance Journal is reporting that Nationwide is giving 2,000 agents an opportunity to transition to Independent Agents. The Columbus, Ohio-based carrier, which provides a range of insurance and financial services, including auto, commercial, homeowners, farm and life insurance, sells products through both exclusive and independent agents.
Southland auto shop owner sentenced to state prison in $180,000 fraud case Also pleaded guilty to grand theft, money laundering, and false impersonation SAN BERNARDINO, Calif. — Hani Abujudeh, 55, of Rancho Cucamonga, the leader of an auto insurance fraud scheme, was sentenced yesterday to six years in state prison for involvement in the scheme where he filed over 35