"The trustee for a bankrupt Grand Island insurance agency has warned policyholders of an affiliated insurance company they should seek new coverage.
Thomas Stalnaker is the trustee for the bankrupt First Americans Insurance Service, as well as for two of its principals — James Masat and Stella Levea, who have filed for personal bankruptcy.
Nebraska officials announced in January they were investigating an alleged Ponzi scheme by First Americans, which had listed between $100 million and $500 million in liabilities in its bankruptcy filing.
This week, Stalnaker sent a notice to holders of insurance policies issued through the First Nations Compensation Plan, saying the company appears to “not have sufficient liquidity to continue operations.”
He wrote the company is related to the bankrupt estates of First Americans, Masat and Levea and that the policyholders should seek new coverage.
“You should consider obtaining replacement insurance coverage immediately,” Stalnaker wrote."
Get the Story:
Trustee warns tribes to find new insurance coverage
(The Lincoln Journal Star 4/25)
Related Stories:
Kevin Abourezk: Searching for a Native American
Obama (4/17)
Kevin Abourezk: Violence in
Indian Country (4/10)
Kevin Abourezk:
Screenings for 'Battle for Whiteclay' (4/9)
Kevin Abourezk: A new Indian policy commission
(4/3)
Kevin Abourezk: IHS gets $500M
from stimulus (3/20)
Kevin Abourezk:
Pawnee Nation returns to Nebraska (3/16)
Kevin Abourezk: Problems with Indian stimulus funds
(3/13)
Kevin Abourezk: Salazar a breath
of fresh air (3/6)
Kevin Abourezk:
LaDuke creates green economy (3/5)
Kevin
Abourezk: An open letter to President Obama (2/27)
Kevin Abourezk: NCAI website tracks Indian stimulus
(2/20)
Kevin Abourezk: Congress poised
to act on IHCIA (2/12)
Kevin Abourezk:
Tribes hit by Daschle withdrawal (2/6)
Kevin Abourezk: The Year of the Indian just
starting (1/30)
Kevin Abourezk: Sisters
protect Wyandotte cemetery (1/23)
Kevin
Abourezk: Be inspired by Obama inauguration (1/16)
Kevin Abourezk: Indian Country asks Obama for $5.4B
(1/9)
Trending in News
1 White House Council on Native American Affairs meets quick demise under Donald Trump
2 'A process of reconnecting': Young Lakota actor finds ways to stay tied to tribal culture
3 Jenni Monet: Bureau of Indian Affairs officer on leave after fatal shooting of Brandon Laducer
4 'A disgraceful insult': Joe Biden campaign calls out Navajo leader for Republican speech
5 Kaiser Health News: Sisters from Navajo Nation died after helping coronavirus patients
2 'A process of reconnecting': Young Lakota actor finds ways to stay tied to tribal culture
3 Jenni Monet: Bureau of Indian Affairs officer on leave after fatal shooting of Brandon Laducer
4 'A disgraceful insult': Joe Biden campaign calls out Navajo leader for Republican speech
5 Kaiser Health News: Sisters from Navajo Nation died after helping coronavirus patients
More Stories
Share this Story!
You are enjoying stories from the Indianz.Com Archive, a collection dating back to 2000. Some outgoing links may no longer work due to age.
All stories in the Indianz.Com Archive are available for publishing via Creative Commons License: Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0)