Lawyer Says Alabama Agent Trying to Clean Up Ex-Employees’ Fraud

June 24, 2009

The lawyer for a Gulf Shores insurance agent has asked state officials to grant her a probation period to allow her to make repayments to customers victimized by fraud.

Richard Lively said that revoking the license of Pamela Wynona Schoen would cut off her ability to earn money and repay victims who thought they had property coverage.

Schoen testified in the close of a two-day hearing that at least 118 fake insurance policies were sold from the Starfish Insurance Agency in 18 months, and she has spent at least $450,000 to repay people who bought bogus coverage. Schoen said the two employees who sold the policies disappeared in September.

Alabama Insurance Department officials asked that a hearing officer revoke Schoen’s insurance sales licenses, at least until she proves she can manage her affairs.

Topics Trends Agencies Fraud Alabama

Was this article valuable?

Here are more articles you may enjoy.

Latest Comments

  • June 24, 2009 at 6:42 am
    wudchuck says:
    so repayment would be by her company. so if they remove her license, then she won't be able to resolve this issue. it's a shame that agents that worked for her caused the fra... read more
  • June 24, 2009 at 3:59 am
    JP says:
    Employee Dishonesty is just one component of a well crafted Crime (i.e. Fidelity) policy. And the coverage provided under the employee dishonesty ehancement found on most BOP ... read more
  • June 24, 2009 at 3:48 am
    caffiend says:
    would have been/would be the Employee Dishonesty coverage that is available for purchase under most BOP policies. The real trick is would she have had high enough limits of co... read more

Add a CommentSee All Comments (5)Add a Comment

Your email address will not be published. Required fields are marked *

*

More News
More News Features