Patrick James Murphy, 45, of Norco, Calif., pled no contest to 39 felony counts, including grand theft and elderly abuse. Murphy was sentenced to four years in state prison and ordered to pay $328,639.96 in restitution to his victims, according to an investigation by the California Department of Insurance (CDI).
A former Farmers Insurance Agent, Murphy reportedly defrauded 31 insurance clients by collecting premiums and issuing false insurance certificates for commercial, auto, home and workers’ compensation. Murphy allegedly collected more than $300,000 in premiums from his victims.
He reportedly continued to represent himself as a licensed Farmers agent, even after Farmers terminated his agent appointment in Oct. 1997.
Topics Agencies
Was this article valuable?
Here are more articles you may enjoy.
Former Trident Reciprocal CEO Ordered to Pay $468K in Attorney and Arbitrator Fees 
Jury Awards $6.8 Million in Nursing Home Understaffing Class Action 
Alabama Pharmacy, Not Agent, at Fault for Not Reading Policy Before $5M Judgment 
How Federal Ban on Intoxicating Hemp Products Will Reshape Risk, Coverage From This Issue
