New York State Insurance Department Superintendent Gregory Serio announced the arrest of Ross Anderson, 47, a former insurance broker, on charges that he falsified business records by selling fraudulent insurance, leaving a customer without proper coverage.
An investigation by the NYSID’s Frauds Bureau, the State Insurance Fund and the Nassau County District Attorney’s office, reportedly revealed that “Mr. Anderson created and sold a fraudulent Certificate of Liability, which listed a fictitious Workers’ Compensation Policy to an unsuspecting subcontractor, thereby intending to steal $600,” said the bulletin.
The NYSID urged “any New Yorkers who may have questions or concerns about their dealings with Mr. Anderson to call the Insurance Department’s Consumer Hotline at 1-800-342-3736.”
Anderson, who is no longer a licensed insurance broker, was arrested last week and faces up to four years in prison if convicted.
Was this article valuable?
Here are more articles you may enjoy.
Progressive Insurance Helps First-Time Homebuyers With Down Payments 
Trump Administration Targets Dismantling of Already-Weakened DEI 
Specialty Insurance Rates Soften Faster Than Expected, Hitting 2020 Price Levels: WTW 
California Taking Action Against State Farm Over LA Wildfire Claims 
