More Felony Charges for California Insurance Agents in Reported $748K Theft

February 11, 2021

Additional charges of felony grand theft were filed this week against licensed California insurance agents Robert Farmer, 66, of Camarillo, and Marion Urcan, 68, of Agoura Hills.

The additional charges were filed after Farmer and Urcan allegedly accepted more than $61,000 in insurance premium payments from a towing company and misappropriated the money for their personal use.

Farmer and Urcan last month were arraigned in Los Angeles County Superior Court on similar charges of grand theft after allegedly accepting over $687,000 in insurance premium payments from multiple business owners and pocketing those funds. The total alleged loss in these two cases is over $748,000.

On Feb. 26, 2020, the California Department of Insurance received a complaint from the owner of a towing company in the Humboldt area that alleged Farmer and Urcan, doing business as Centerpointe Insurance Services Limited in Thousand Oaks, accepted a check totaling $61,519 for the towing company’s commercial auto insurance policy, but the agents did not forward this premium payment to the insurance company.

An investigation by the CDI reportedly revealed the payment Farmer and Urcan accepted was never sent to an insurance company to secure liability insurance for the business owner, leaving them vulnerable to catastrophic loss. The alleged theft resulted in a $61,519 loss to the towing company.

The department is taking administrative action against the licensees.

Farmer and Urcan are scheduled to be arraigned on April 19. The case is being prosecuted by the Humboldt County District Attorney’s Office.

Topics California Agencies Fraud Abuse Molestation

Was this article valuable?

Here are more articles you may enjoy.