State regulators say a former McMinnville, Ore., insurance agent has been ordered to reimburse seven clients for $46,000 in premiums he kept instead of forwarding to insurers.
The state Department of Consumer and Business Services said Wednesday its Insurance Division has revoked the expired agent license and active insurance consultant license of Raymond Madison.
The department said the victims included a restaurant, a fire equipment store, and a gutter and siding business.
Copyright 2026 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
Navigators Can’t Parse ‘Additional Insured’ Policy Wording in Georgia Explosion Case 
UBS Top Executives to Appear at Senate Hearing on Credit Suisse Nazi Accounts 
China Executes 11 People Linked to Cyberscam Centers in Myanmar 
FM Using AI to Elevate Claims to Deliver More Than Just Cost Savings 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.