Former ’49er Wersching Indicted on $8M Insurance Fraud and Tax Evasion

March 23, 2006

  • March 23, 2006 at 9:35 am
    cat says:
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    A company as large as Farmers allows an agent to steal large amounts of money
    for over 4 years before terminating his
    contract.Unbelievable!

  • March 23, 2006 at 11:34 am
    Tom Tucker CLU says:
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    Their management strategy is to make lots of money no matter what, and then blame everything on their suffering agents.

  • March 24, 2006 at 12:07 pm
    Sanddog says:
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    O\’ god help us, Farmers SUCK\’s so bad it hurts just wasting my time typing this dam email…………………….

  • March 24, 2006 at 12:07 pm
    ExFarmboy says:
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    Farmers Insurance executives had to know something was not right when Ray\’s partner Mary had a $500,000 credit line at the casinos in Reno & Vegas. Common knowledge among the agent & DM\’s. They hosted siminars on how to write the big accounts right up until the handcuffs went on. Regional commercial managers and home office executives were there ever step of the way basking in his success.

    His DM looked like death warmed over after he got the phone call telling him Ray had been arrested. The DM took the fall as did the commercial manager. Everyone at home office who took credit when Ray was writing all that business went into hidding.

    It is a common practice at Farmers to point to the high producers as the way business should be done right up to the day they crash and burn. Why is it that the agents know something is not right but the company can never see it.

  • March 24, 2006 at 12:12 pm
    Sanddog says:
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    I am sorry to say but your WRONG !! Farmers insurance is at fault on this one. They hire anyone that has a sales story. Farmers SUCKZS real bad.. I am a broker never known as many bad problems as there are with the LOOSER COMPANY Farmers.
    Hell look at this site is any other company bashed as much as Farmers?? NO!

  • March 24, 2006 at 12:15 pm
    god help us says:
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    THE only company that is ever bad mouthed why?

  • March 24, 2006 at 12:20 pm
    Pibee says:
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    Did you once work for Farmers?

  • March 23, 2006 at 1:17 am
    Jerry says:
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    and to think, he was Farmers commercial Agent of the Year, not sure if it was 99 or 2000.

  • March 23, 2006 at 1:39 am
    Niner fan says:
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    He could get the heck out of a football though.

  • March 23, 2006 at 1:44 am
    Hugh says:
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    The rest of the inmates will welcome him as the kicker for their team when they play the guards

  • March 23, 2006 at 1:54 am
    MUD says:
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    If you don\’t turn in the premium no policy is actually placed, so how would Farmers had known he was stealing premiums? Right, Farmers is evil. Come on grow up folks. Being able to read words does not show intelligence, being able to understand what was read is a sign of intelligence. I hope I didn\’t misspell anything.

  • March 23, 2006 at 2:00 am
    Mr. Recall says:
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    Sounds like a company Barry Bonds could work for……….

  • March 23, 2006 at 2:18 am
    MUD says:
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    This is not about Farmers. This is about personal responsibility. Ray Wersching is the criminal in this story. End of story. There are agents stealing money everyday that work for different companies, maybe someone in your own office.

  • March 23, 2006 at 2:29 am
    Tom Tucker CLU says:
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    His DM was probably over at his house every Saturday night drinking Corona\’s and watching Niner reruns, and laughing about Farmers. It could have happened.

  • March 23, 2006 at 3:16 am
    Javier says:
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    Tom Tucker, all corporations have a stategy to make as much money as they can, welcome to America and welcome to capitalism. The problem here is an illegal and faudulant behavior. This doesn\’t mean Farmers Management stinks, because it does stink. But I cannot blame them for wanting to bring as much of a return to stockholders as they can, if you owned stock, wouldn\’t you want to get as much as you can out of it?

  • March 23, 2006 at 4:11 am
    me says:
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    What are the qualifications to be an Agent for Farmers Insurance? Must have committed a misdemeanor or a felony? Must be a convicted felon? Agents have been getting a lot of bad press for this company.

    Farmers Insurance Sucks!
    http://www.farmersinsurancegroupsucks.com/

  • March 23, 2006 at 5:01 am
    PDX says:
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    Now Farmers is mounting a campain to eliminate the older agents that have spent 20 or 30 years building their agencies, to have the renewal commissions to rely on while servicing their existing clients. Farmers provides no retirement programs for their agents but now, if you are not producing new business and selling their financial and life products, you are no longer needed. 90 day, no cause, termination. Maybe, if they would clean up their crooks, they could leave the honest agents to continue servicing what policy holders they still have.

  • March 24, 2006 at 9:11 am
    Bill says:
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    Farmers is an outstanding company that is focused on client service and satisfaction. As a long time 49er fan and Farmers Agent, it saddens me that a former 49er is accused of unethical and illegal actins as a Farmers agent. This is absolutely no reflection on Farmers Insurance Group, their agency force, district managers, and employees. If Ray Wersching is found guilty of these charges, he should pay restitution and whatever time in prison the jury deems appropriate.

  • March 24, 2006 at 11:29 am
    SayItAintSo says:
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    Your portrait of Farmers Insurance must be some kind of a joke, you got to be kidding. Farmers brings aboard among the most questionable agents in the industry. Some of these folks constantly lie on applications, bend the underwriting rules, steal premium money and you name it. While Ray\’s Wirsching\’s situation does not happen on a regular basis at Farmers, it does happen. You rarely ever do you see this happen at State Farm. While Famers was once a great copmany, some time in the mid 90s, Farmers took the turn for the worst and it has not been the same since. Their CEO for the previous ten years was a downright embarrassment, it is shocking that he even lasted that long. Nevertheless, it was a nice try to try to portray Farmers in the way you did, but anyone in the organization who is honest about Farmers knows their true reputation.

  • March 27, 2006 at 3:23 am
    ex-FIG myself says:
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    You are right, SayItAin\’tSo. I was unfortunately affiliated with them for nearly 30 years and can confirm what you say. There are still a few of the old agents there that are honest, but that certainly doesn\’t apply to company personnel.

  • March 27, 2006 at 3:58 am
    Pibee says:
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    Don\’t worry about it, go play some golf, surf on the beach and love your pets.

  • March 27, 2006 at 4:01 am
    ex-FIG says:
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    But PiBee, if you were an honest FIG agent you probably couldn\’t afford to go to the beach and relax.

  • March 28, 2006 at 9:30 am
    wake up DOI says:
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    WAKE UP DOI!! FACT Farmers helped Ray become agent of the year by giving his clients lower rates. FACT Farmers management new Ray had a partner and touted her a genius. Ray was used by Farmers to use his name and never once asked him for his partners insurance license? Ray was inexperienced, what was management\’s excuse (guilty). Farmers arrogant management was fully aware and should be heled accountable, commissioner where are you?

  • March 30, 2006 at 7:36 am
    John says:
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    We all know every company in every industry has problems. Look at Marsh, AIG, State Farm, Allstate, etc. You can find problems with all of these companies. Those that are bashing Farmers are just taking this opportunity for a cheap shot at Farmers because Farmers just happens to be the subject of attention now. I would bet that most of these people are former Farmers employees or agents that could not make a success of themselves and want to blame Farmers. The opportunity to do well at Farmers in an honest and ethical manner is their for any agent that wants it–they just have to take responsibility for their own success and stop blaming others for their failures.

  • March 30, 2006 at 7:54 am
    ExFarmboy says:
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    John, what makes you think that all the agents that leave Farmers are not successful? Some successful agent leave because they don\’t like the way they and their clients are being treated by the company. Rates, ez-pay, customer service, claims (for a 3 year period all property claims were left open)… there was just not a lot positive to say about Farmers. As Marty said \”the Cheese has moved\”, and some of us left with it.

  • March 30, 2006 at 11:36 am
    TheTruth says:
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    John, absolutely their are good honest agents at Farmers, but the truth is, Farmers has allowed the most corrupt to thrive in their organization. Does this happen elseware? Of course it does! Nevertheless, it is abvious to the industry that corruption rampant at Farmers. You can try to polish things up and try to make Farmers look pretty, but the fact is, it is not pretty. As an ex-Farmers, I have thrived in the independent world, with revenues 3 fold of what I was making with Farmers in half the time. Farmers once a great organization, was obviously mismanaged by the previous CEO. Corruption was the rule at Farmers, the more corrupt you are, the more you were held out to be a hero. This is what happened with Wersching and his team. Farmers looks at numbers, but does not look at quality control one iota. This is the very reason that Farmers had to come out with a new auto products, because their existing auto product pool was so tampered with and abused that they were not competitive anymore. John, I did take responsiblity for my success, that is why I got the hell out of that organization. Intead of trying to insult people who made sound business decisions, I challenge you to debate the real issues about Farmers as well as pay a visit to my very successful independent agency. I doubt you will take up the offer, since it much easier for you to make sweeping generalizations.

  • March 31, 2006 at 11:59 am
    thankgod i\'mgone says:
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    The truth, is absolute correct. I too was a farmers agent for about 6 years. I got to the point where I was embarrassed to even say I was a farmers agent. I never been so ashamed of represented a carrier as I have with farmers. I can’t tell you how upset clients would get with mentioning farmers. Farmers have been and will be the bad boys for many years to come. This will never change until they improve the treatment of new agents and clients. I gave these poor sons of b*%#@es and education with insurance.
    The only thing I was tout is to beware of farmers fear management system sell life or else. I have never seen so many managers with egos’ in one place, as I have seen at their RO. I was number 4 in over all production in that district, out of approximately 35 agents. I think only about 10 are still there, god help them. The company has horrible training, O’ my god the district managers had and ecgo the size of California. I to represent some out siding carriers, Hartford, Safeco, Allied, CBIC, St.Paul/Travelers, OMI, and many more. I have grow a book of business three to four times that of farmers book in ½ the time. Farmers is and always will be trouble

  • April 1, 2006 at 4:32 am
    einstein says:
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    I will just stay with the facts, ethics, and a little econ 101, STAY WITH ME. Insurance is the finacial reimbursement for a loss, and gambling is finacial reimbursement for a win (econ 101). About 10 years ago Farmers started to stack the deck (in gamblers terms). At that time they had high paid pit bosses (district managers)management was sure they were overpaid and started dismantling the foundation of thier agnecy force (dealers). This helped them to control the game better and start stacking the deck. In order, to achieve complete uncontested success they needed to replace all high paid adjusters, so they could tell their patrons that they really did not win any money (payment for losses)or intimidated them into not taking full payment. This was working quite well until mangement got greedy one too many times, and someone blew the whistle, but noone cared at first. HA HA they could do whatever management wanted to. That power created an arrogance with mangement that they actually believed they were right. The problem is as the complaints mounted with customers,employees, and agents. NOW NOONE TRUSTS THEM. The main casino started to change the name of there casinos to get more suckers (policyholders). This worked for a while until someone recognized a different name, and they still would not play honestly. That takes us to thousands of complaints, a CEO who left the building,and inexperienced low paid magement. Too bad if they were a casino they would be shut down and require new management. The only question at this point is Zurich the problem of solution? The final lesson here is ethics, it took 10 years to hit bottom, how many years until they earn anyones trust. A once premier company has a LONG WAY TO THE TOP, unfortunately current mangement does not even know what their product is. Ok I will tell them, TRUST AND A PROMISE TO PAY.

  • April 4, 2006 at 12:33 pm
    Kevin Raz says:
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    $8,000,000? That is a lot of money.

    We read on these pages about agents getting caught for a few hundred grand, sometimes even less. I can\’t remember one over $2million.

    But $8 million dollars in stolen premiums? How did this get to such a level?

    Amazing. To paraphrase Ricky Ricardo, somebody got some \’splaining to do at FIG about how they let the situation get this bad.

  • April 4, 2006 at 12:49 pm
    some splainin\' says:
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    I wondered the same thing. I asked a Farmers district manager [neighbor of mine] how this could happen. He told me that this agency would go sell a really big account say $10M, then go back to Farmers and say \”we are close on getting this account, can the underwriters sharpen their pencils\”. The company would come down a hundred grand, maybe more. The agency would then deposit the client check for the larger amount and send Farmers a check for the lower amount. This doesn\’t make complete sense to me because the client would then get a policy with the lower premium amount written on it and let\’s face it, a hundred grand or more is going to be noticed by the purchaser of the policy. Anyway, this district manager told me this is what happened, and that a lot of heads rolled at Farmers for this. The agents district manager, his boss and a few others. I was also told all these terminated folks lost all of their accumulated Farmers \”contract value\”.

  • April 4, 2006 at 1:27 am
    real insurance guy says:
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    Sorry dude your neighbor is full of poop. Farmer’s commercial barley writes $25,000 to 50,000 accounts. This foot ball guy does not have the education back round, specially with farmers to write against the real world of insurance. Your friend the district manager does not have a clue. That why he still works for farmers, and still trying to find excuses for that looser company .

  • April 4, 2006 at 1:39 am
    MUD says:
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    You all sound like a bunch of school girls!! Oh did you hear about so and so…and he did what? Come on back to reality. Ray is the criminal in this case nothing more is even relavent to this article. He stole money, he stole money, he (Ray W.) stole money, he stole money…and got caught. Who in your office is stealing? Pull the plank from your own eyes before pulling the splinter from anyone else\’s!!!!

  • April 4, 2006 at 2:09 am
    einstein says:
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    The neighbor was partly right Farmers did give Ray better rates than other clients, and producers. I did also hear they blamed everyone, but their own employees. They were fully aware that Ray\’s partner ran the show, and who she was, they allowed her to represent Famres without a licnse. DUMB

  • April 4, 2006 at 3:13 am
    real insurance guy says:
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    In the real insurance world that would not be tolerated, because we have real live checks and balances, by the carriers. And any broker who is appointed with a top notch carriers like: Travelers, Allied, Hartford, Safeco, is top notch, this is why its is so dam difficult to get a new appointment if you were ever a farmers or allstate agent, sorry but that’s the way it is.



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