Governor Names Andy Tobin to Dual Role as Interim Superintendent of the Department of Financial Institutions

PHOENIX – Governor Doug Ducey today announced the appointment of Andy Tobin as interim superintendent of the Arizona Department of Financial Institutions, replacing outgoing Superintendent Lauren Kingry, who recently resigned.

Mr. Tobin was appointed in October as director of the Arizona Department of Insurance, a role he will continue to serve while filling his new post.

Previously, Mr. Tobin served for several years in the Arizona State House of Representatives, including as Speaker of the House. He also brings extensive private sector experience in the areas of banking, insurance and aerospace.

“I want to thank Superintendent Kingry for his service and dedication to the state,” said Governor Ducey. “Andy Tobin is a proven and effective leader who has helped make Arizona government more efficient and accountable to taxpayers. I know he’ll bring that same approach to the Department of Financial Institutions, and I thank him for his willingness to take on this new role in service to the state and citizens of Arizona.”

Mr. Tobin joined Governor Ducey’s administration in January, initially as director of the Arizona Department of Weights and Measures. In that role, he was instrumental in consolidating the agency into other areas of government, cutting down on bureaucracy and waste and increasing the efficiency and quality of service to Arizona taxpayers.

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Arson Suspect Indicted in $120,050 Insurance Fraud Scheme

Phoenix, AZ The Arizona Department of Insurance (ADOI) Fraud Unit, in conjunction with the Phoenix Fire Department Investigations Unit, arrested Mohamed Abdulrahman on multiple felony charges, including arson of a structure, fraudulent insurance claim, and forgery. 

The fire occurred in a commercial storage building in the early hours of November 1st, 2017.  When Mr. Abdelrahman was interviewed by insurance adjusters, he misrepresented details and facts during the claim process, which is a violation of Arizona statutes.  During the claim process, Mr. Abdelrahman pushed for a fast settlement, and even filed complaints with the Arizona Department of Insurance Consumer Affairs Division, requesting assistance because the insurance companies were not paying him for his losses.

During the four-month investigation that would ensue, investigators learned that Mr. Abdelrahman had increased his insurance coverage on the unit a few days prior to the fire.  Mr. Abdelrahman was in the area of the storage facility when the fire was discovered and used his vehicle to block first responders from entering the location, alleging his vehicle broke down in-front of the facility entrance. The building security cameras were sabotaged hours before the fire was reported.

The claims Abdelrahman filed with insurance companies totaled $120,050.00.  The case is being prosecuted by the Arizona Attorney General’s Office for criminal charges.  If found guilty, Mr. Abdelrahman could receive up to 12 1/2 years in prison.

For a copy of the indictment, CLICK HERE.

FY 2019 INSURER ANNUAL ASSESSMENT INVOICES ARE AVAILABLE

Click here to view invoices for annual assessments to insurance companies and service companies. Invoices will also be sent by mail July 10, 2018. Payments are due August 7, 2018. 

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