The Insurance Division of the Oregon Department of Consumer and Business Services (DCBS) has announced that Kenneth I. Tobey Inc., a managing general insurance agency in Lake Oswego, Ore., has closed. DCBS has ordered the agency not to remove its business records from Oregon. The DCBS Insurance Division advises insurance producers who placed business through the agency to contact insurers to make sure their business was placed and insurers received premium payments. For a list of documents that producers may need to verify coverage, visit http://www.cbs.state.or.us/external/ins/producer/coverage_documentation.html.
Kenneth I. Tobey was unavailable for comment at press time.
Was this article valuable?
Here are more articles you may enjoy.
Walter’s Insurers Skirted Capital Rules With ‘Rolling’ Loophole 
French Supermarkets’ Cyber Insurance Unlikely to Cover Food Losses, Insurers Say 
Home Insurance Tops Property Taxes in Squeeze for US Households 
KCC Says Isaias Insured Losses to Be $3 Billion; AM Best Calls Storm an Earnings Event 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.