Insurance company shut down in Maryland

Maryland Insurance

This recent news shows that yet another insurer related to Hal Katz has had its license revoked. The Maryland Insurance Administration (MIA) has revealed that it has shut down yet another insurer that is related to Hal Katz, the well known Baltimore policy pitchman, in a trend that has continued since December. The last two insurers were owned by Katz’s son and had their licenses revoked, closing them down. Those companies were both run by Geary Katz and were called Laurel Insurance Corporation and Senate Insurance. According to recent news…

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Auto insurance fund proposal withdrawn in Maryland

Auto Insurance

MAIF is no longer moving forward on the effort to gain policy rights within the state. The Maryland Automobile Insurance Fund (MAIF) – which is considered to be the auto insurance market of last resort within that state – has withdrawn the proposal that it previously put forward in order to obtain “sole and exclusive property” rights for all of the policies in that market. That proposal had initially been presented by MAIF approximately two months ago. The decision made by MAIF to remove its auto insurance proposal has been…

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