A New York jury recently found a cell phone distributor’s risk manager liable for his alleged role in a scheme to commit securities fraud.  According to the SEC’s allegations, the scheme involved the cell phone distributor’s purchase of a multi-year finite risk insurance policy, which enabled the company to spread a loss over several years.  


Read More SEC Prevails in Fraud Case Against Risk Manager

Joel Ario, former insurance administrator of the Insurance Division in the Oregon Department of Consumer and Business Services (“DCBS”), has confirmed that he has accepted the nomination by Pennsylvania Governor Edward Rendell to serve as Insurance Commissioner for Pennsylvania. 


Read More Introducing Pennsylvania’s New Insurance Commissioner