Former Bay Area Insurance Executive Pleads Guilty To Conspiracy To Commit Insurance Fraud
OAKLAND – Former insurance executive Jasbir Thandi pleaded guilty in federal court today for his role in fraud schemes that led to the collapse of two insurance companies, Global Hawk Risk Retention Group (Global Hawk) and Houston General Insurance Exchange (HGIE).
Thandi, 69, of San Francisco, was indicted by a federal grand jury on Nov. 16, 2023. In pleading guilty, Thandi admitted to two counts of conspiracy to commit insurance fraud.
Read the entire press release. U.S. Attorney's Office, Northern District of California, July 18, 2025