Federal Grand Jury Issues New Charges Against Owner of Several Carriers

A federal grand jury added 19 new fraud counts against a Rockford man who owned several insurance firms and allegedly took more than 100 clients for more than $800,000. Todd J. Fendler, 41, initially was charged on Feb. 28 with one count of mail fraud and one count of wire fraud, the U.S. Attorney’s Office for the Northern District of Illinois said in a press release. Fendler operated such firms as Surplus Market Solutions LLC, Northern Underwriting Managers Inc. and Northern Illinois Insurance Agency Inc. The new indictment says Fendler obtained bank account information from business...