Scranton, Pennsylvania Agency CEO Arrested on Premium Theft Charges July 7, 2010 Email This Subscribe to Newsletter Article 2 Comments July 7, 2010 at 2:06 am nobody important says: Like or Dislike: 0 0This happens all the time and yet I see very few agencies that carry employee dishonesty coverage. Reply July 7, 2010 at 2:17 am Bobbo says: Like or Dislike: 0 0Usually these are crimes of opportunity. Weak financial/accounting controls get exploited by the crafty. Shame on any state insurance commissioner that does not mandate segregated accounts for premium funds. Reply Add a Comment Cancel reply Your email address will not be published. Required fields are marked * Name * Email * Comment ΔNotify me of comments via e-mail
This happens all the time and yet I see very few agencies that carry employee dishonesty coverage.
Usually these are crimes of opportunity. Weak financial/accounting controls get exploited by the crafty. Shame on any state insurance commissioner that does not mandate segregated accounts for premium funds.