Insurer Sues Program Administrator Owes $17M In Reinsurance Funds

( July 1, 2026, 8:01 AM EDT) -- OKLAHOMA CITY — An insurer sued its program administrator in Oklahoma federal court, alleging that the administrator wrongfully retained more than $17 million in commissions and other funds collected through a commercial and non-commercial automobile liability insurance program despite contractual provisions requiring premium funds to be held in trust for the insurer and commissions to be adjusted under a mandatory sliding-scale formula....