2 Broker Execs Slammed Over $2M In Missing Premiums

Law360, New York (April 7, 2011, 6:31 PM EDT) -- Auto insurer Universal Casualty Co. on Thursday filed suit in California against two former executives at an insurance management company for their alleged role in pilfering $2.4 million that belonged to the insurer.

Universal filed its lawsuit in the U.S. District Court for the Central District of California against former Sovereign General Insurance Services Inc. President Fred Godinez III and former Chief Financial Officer Yogesh Kumar. Sovereign filed for involuntary bankruptcy in September 2009.

Thursday's suit is not the first filing over the matter. Universal has...
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