Florida Insurance Agent Arrested in $16K Commission Fraud Scheme

March 20, 2019

  • March 20, 2019 at 8:31 am
    retired risk manager says:
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    Excuse me, but how does an agent receive commission on an application? Are these carriers so stupid that they pay commissions in advance? I thought commissions were only earned when the premium was paid. Please list the carriers involved, if publicly traded, I want to short their stock.

    • March 20, 2019 at 1:33 pm
      reality bites says:
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      I’ve said it before and I’ll say it again, never steal anything small.

      This crook has – or should have – lost her livelihood for $16,000? Talk about stupid small-timers.

    • March 20, 2019 at 2:06 pm
      Jack King says:
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      Retired, I think the scam was to classify items to generate a lower premium, then charge the client a higher premium and pocket the difference plus the commissions earned. Stupid plan and little money over a year’s time. Working a little harder and legitimately selling a few more policies would have accomplished the same financial gain.

      • March 20, 2019 at 3:12 pm
        Agent says:
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        Florida to the rescue again for having incidents like this. They must not have ethics training there as part of licensing. Should be required to take a test on knowing right from wrong.

        • March 20, 2019 at 4:26 pm
          Fair Playing Field says:
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          Sez the guy who wrote, “Ethics training does no good for people who defraud customers or insurance companies. They clearly do not know right from wrong.” just nine days ago.

        • March 21, 2019 at 9:33 am
          rob says:
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          We need Florida so Texas doesn’t have a monopoly on crazy.

    • March 20, 2019 at 6:19 pm
      Martin says:
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      I only know of a few carriers that do not pay up front. Many times we write E&S and you retain full commissions. Back in the day they were as earned.

      • March 21, 2019 at 11:02 am
        retired risk manager says:
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        Martin: How do you retain full commissions when the premium has not been paid? If you just submit an application, with an estimated premium, do you really expect the carrier to send you money, or allow you to take an account current credit. “I will gladly pay the premium next Tuesday for a binder today.” Please post the names of those carriers that are paying you up front. Who ‘s left holding the bag when the prospect doesn’t pay?

      • March 28, 2019 at 3:29 pm
        wondering... says:
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        M – you retain full commission even if the policy is cancelled? Things sure are different in the E&S business than when I worked for it 1979 – 2008.

  • March 21, 2019 at 6:34 am
    JMC says:
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    Ins Journal: all you did was copy a very poorly written news release from FL DFS. There is more to this case and you should utilize your journalist’s tools to deliver a more useful product.

  • March 21, 2019 at 3:40 pm
    CFW says:
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    Correction; This person was and agent at Enterprise Insurance Agency. She was fired on 4/18/18 and referred to the Department of Insurance. She operates an agency, Pointe Seguros Inc located at 2411 W Sand Lake Rd, Ste D, Orlando, FL 32809.

  • March 25, 2019 at 12:47 pm
    JMS says:
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    Amazing. . . Wells Fargo executives can promote fraud to 1,000’s of customers for millions of dollars and no one goes to jail yet this woman apparently commits fraud to one customer for $16,000 and goes to jail (appropriately) . Great justice system we have.



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