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.
Roof Costs Soar Even as Claims Decline: Verisk 
Natural-Disaster Insurance Gap Now Exceeds $420 Billion Globally 
Rikers Correction Officer Lied to Obtain Workers’ Compensation Benefits 
Acrisure Goes After Former Owners of Businesses it Acquired for Leaving to Compete From This Issue
