Insurance commissioner candidate faced insurance fraud charges

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Insurance commissioner candidate faced insurance fraud charges. Now Pierce has filed to run for Goodwin’s job as a Republican, saying that the two-term Democrat "put me in jail under false charges for telling the truth." Pierce is the third Republican to join the race. He’ll face Heather Grant, a former U.S.

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N.C. Insurance Commissioner Candidate Faced Now-Dismissed Fraud Charges. Republican Ronald Pierce filed paperwork to run. Commissioner Wayne Goodwin is a Democrat seeking re-election. Pierce, a Charlotte construction company owner, was arrested in 2014 on 108 charges. Goodwin’s office accused Pierce of being an unlicensed insurance adjuster and inflating hail damage repair estimates.

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Fighting fraud is an important aspect of state regulation . To help fight the growing problem of insurance fraud, the NAIC created a uniform fraud reporting system through which consumers and insurance departments can electronically report suspected fraud to the appropriate insurance department. In fiscal year 2012-2013, California state fraud.

Auto insurance fraud is generally prosecuted at the state level. Licensees of the insurance department, including brokers, agents, and insurers, are required to report any suspected insurance fraud to the Insurance Department’s fraud bureau. Those who commit motor insurance fraud can face serious car insurance fraud penalties.

In 2014, Insurance Commissioner Wayne Goodwin announced that charlotte construction company owner ronald Pierce had been arrested on 108 fraud charges.

Insurance fraud costs the average family $400 to $700 per year in increased premiums. Insurance companies are required by law to report fraud to the commissioner. Consumers can report suspected insurance fraud on the insurance commissioner’s website.

One of the smallest agencies in Montana’s state government, the Office of the Montana State Auditor, Commissioner of Securities and Insurance (CSI) regulates two of the state’s largest industries: insurance and securities. Commissioner Matt Rosendale is committed to protecting Montanans from fraud and scams related to insurance and investments.

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