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 This material may not be published, broadcast, rewritten or redistributed.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.
Software Firm CCC Intelligent Solutions Exploring Sale: Reuters 
US P/C Industry Books Best Result in a Decade but Not All Lines Enjoy Success 
Apple Suing OpenAI, Two Former Employees for Trade Secrets Theft 
AI’s Impact: Tech and Finance Sectors Losing 28,000 Jobs Monthly 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.