An investigation by CDI resulted in the arrest of a Costa Mesa insurance agent.
William Earl Stone was arrested at his Costa Mesa business office and transported to the Orange County Jail by investigators. Stone, president of Summit Insurance General Agents & Brokers Inc., was charged with four counts of grand theft, with bail set at $30,000. The Orange County District Attorney Office is prosecuting the case.
According to the CDI, Stone allegedly collected premium monies from three separate insureds and a premium finance company and failed to place coverage and return the unearned premium monies.
Topics Agencies
Was this article valuable?
Here are more articles you may enjoy.
Hellman & Friedman’s Hub International Seeks $3 Billion in IPO 
PE-Backed Insurance Broker Hub International Files Confidentially for US IPO 
The Fidelis Partnership Launches US SME Casualty Reinsurance MGA 
Tech and Finance Sectors Losing 28,000 Jobs Monthly Show AI Impact on Labor From This Issue
