L.A. Broker Arrested for Allegedly Pocketing $381,000 in Premiums
West News April 14, 2006
A former Los Angeles insurance broker has been arrested for allegedly pocketing $381,966 in liability insurance premiums from clients. The California Department of Insurance arrested Bernard ...
Insurance Journal is not responsible for the content of the message below.
Subject: RE: RE: RE: MUD, go hug a tree
Posted On: April 25, 2006, 7:16 am CDT
Posted By: MUD
Comment:
Everywhere, this is common knowledge. I dont know if you have followed this posting, but Ray Wersching,who worked for Farmers, was caught embezzling large amounts of money and 'everyone' blamed Farmers for their hiring practices-as though Ray was not culpable for his crimes. This guy from this article- there was no mention of the hiring practices of his carriers. How odd I thought. Over 90% of all agents fail in the first two years- this clearly speaks to the quality of any who go into this business-and those who hire them. To suggest this is somehow socialists and I am a tree-hugger, ludicrous. This just shows the very same qualities that carriers are looking for...a warm boddy, one who is unable to reason, quick tempered, etc. IndAgent shows these fine qualities as well as the inablity to read and repeat back what he has read. If he was reading my policy and making suggestions regarding coverage-I would be very scared. But he is not alone- there are thousands more where he comes from.
Subject: RE: RE: RE: MUD, go hug a tree