insurance agent fraud News

Tennessee Insurance Producer Fined $400K for Misappropriation of Client Premiums

The Tennessee Department of Commerce and Insurance (TDCI) has taken disciplinary action against Carey R. Carroll, Jr., a Knoxville-based former Tennessee insurance producer who was found to have violated multiple provisions of Tennessee law resulting in a $400,000 penalty and …

Tennessee Revokes Licenses of 4 Insurance Producers Over Violations

The Tennessee Department of Commerce and Insurance (TDCI) announced disciplinary actions including fines against four former Tennessee insurance producers who violated various provisions of Tennessee law, according to a statement from the department. Former insurance producers Dillion R. Shaw, Darius …

2 Retired North Carolina Agents Convicted of $11M Insurance Scam Targeting Seniors

North Carolina Department of Insurance (NCDOI) announced the conviction of two retired insurance agents in a regional scam targeting senior citizens. Insurance Commissioner Mike Causey said the two retired agents, Milton Hooks, 72, of Rocky Mount, and James Mangum, 69, …

California Insurance Agent Nabbed for Fraud Scheme Involving 100-plus Policies

Vicki Lee McGinley, 58, a licensed insurance agent in California, was arrested by the Kern County Sheriff’s department on seven counts of identity theft and seven counts of insurance fraud after allegedly misrepresenting policy and premium information to clients resulting …

North Carolina Agent Accused of Submitting Fraudulent Auto Policies to Allstate

A North Carolina insurance agent has been arrested and accused of creating false auto policies, according to a statement from North Carolina Insurance Commissioner Wayne Goodwin. Eddie Ray Butler, 29, formerly of Greensboro was charged with 11 counts of Identity …

Former Idaho Agent Sentenced for Insurance Fraud

The insurance license of Zane Amy was revoked following an investigation by the Idaho Department of Insurance that showed he altered documents to get his clients premium discounts. Ae was sentenced for insurance fraud, a felony in Idaho. An audit …

California Agent Allegedly Took $100K from Employer And Clients

Suren Hovhannisyan, 27, a licensed insurance agent of North Hollywood, Calif., was arrested at his residence this week on multiple felony counts of burglary, grand theft, and unauthorized use of access cards after allegedly scheming to embezzle over $100,000 from …

Fraud Leads to 20-Year Prison Sentence for Houston Insurance Agent

Harris County District Attorney Devon Anderson that a Houston-based insurance agent has been sentenced to 20 years in prison after a Texas Department of Insurance investigation uncovered an annuity scam, in which she bilked almost a dozen elderly clients out …

Former Connecticut Agency Owner Gets More Than 6 Years for Fraud Scheme

A Connecticut insurance agent authorities say defrauded a specialty lender, insurance carriers, the city of Hartford and the state of Connecticut out of more than $2 million to fund a lavish lifestyle has been sentenced to more than six years …

California Insurance Agent Convicted of Worker’s Comp Insurance Fraud

Kannai David Scantlen, 41, of Valley Springs, Calif., a former insurance agent conducting business as Kan I Save Insurance Services, was convicted of insurance fraud and sentenced to 60 days, three years of formal probation, and ordered to pay $20,000 …