Article Excerpts
Global Hawk Executives Indicted in Northern District of California
December 22, 2023Global Hawk Insurance Company Risk Retention Group (Global Hawk) President and Treasurer Jasbir S. Thandi has been indicted in the United States District Court for the Northern District of California. Global Hawk Vice President and Secretary Sandeep Sahota and Jaspreet Padda—an investment advisor for Global Hawk—were also indicted. The indictment was filed on November 16, 2023, and unsealed on December ...
2023 NRRA Conference to Address Issues Impacting RRGs
October 18, 2023The National Risk Retention Association (NRRA) National Conference 2023 will be held from November 13 to 15 at the Sofitel Magnificent Mile Hotel in Chicago, Illinois. The annual NRRA conference is the only captive conference to focus solely on the risk retention group industry. Attendees at the NRRA Conference are immersed in the risk retention group industry and attendees will ...
Vermont DFR Awarded $66.7 Million in Global Hawk Lawsuit
September 28, 2023On July 21, 2023, Judge Christina Reiss of the United States District Court for the District of Vermont (Vermont District Court) awarded the Vermont Department of Financial Regulation (Vermont DFR) $67.7 million in a lawsuit filed against Jasbir S. Thandi and Global Century Insurance Brokers (GCIB). Thandi was the controlling officer of the Vermont-domiciled Global Hawk Insurance Company Risk Retention ...