A former Pennsylvania insurance agent has been sentenced to three years in prison for his role in scheme to steal hundreds of thousands of dollars in premiums, according to the New Jersey attorney general’s office.
Thomas Hurd, 53, of Bensalem, Pa., was principal of two insurance agencies —T.I.C. Brokerage and Hurd Insurance Agency, both of which were operated in nearby Bensalem, Pa.
The premiums he pocketed were payments for commercial insurance coverage for small businesses — including taxi and limousine companies. Fraud investigators say Hurd, who pleaded guilty in January, stole more than $322,200 — which he has been ordered to pay in restitution.
__
Source: New Jersey Attorney General’s office
Topics Agencies New Jersey
Was this article valuable?
Here are more articles you may enjoy.
American Family to Acquire Bowhead Specialty in $1.2B Cash Deal 
Record-Low Danube Water Levels Leave Boats Beached, Reveal Decades-Old Shipwrecks 
Brown & Brown Estimates Cost of Howden-Driven Talent War Could Hit $60M in 2026 
Viewpoint: Who Gets Credit for Successful Renewal During Soft Reinsurance Market? 
