Californian insurance agents arraigned over alleged near-$700,000 theft

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Californian insurance policy representatives arraigned over affirmed near-$ 700,000 burglary

2 insurance policy representatives were arraigned in Los Angeles Area Superior Court previously today for supposedly approving greater than $687,000 in insurance policy costs settlements from company owner, and after that stealing that cash for individual usage.

Both Robert Farmer, 65, and also Marion Urcan, 67, encounter several matters of grand burglary. Both, that operated as Centerpointe Insurance policy Providers Limited in Camarillo, CA, supposedly approved insurance policy settlements from 2 pulling business in the Los Angeles location.

According to a launch from the California Division of Insurance Policy (CDI), it obtained an issue from among the towing business’ proprietors on June 20, 2019. The issue affirmed that Centerpointe Insurance policy Providers approved 2 checks completing $391,000 for the business’s business vehicle insurance plan– nonetheless neither Farmer neither Urcan sent the settlements to the insurance policy service provider, the pulling business proprietor supposed.

CDI later on obtained an additional issue from the various other pulling business on December 20, 2019, which likewise affirmed that Centerpointe misused a $50,000 deposit made towards the revival of the pulling business’s business vehicle insurance plan.

An examination by the CDI ultimately exposed that Farmer and also Urcan approved greater than $687,000 in total amount from both pulling business, however never ever sent out the settlements to an insurer, which indicated that both pulling business were left with no obligation insurance policy.

Farmer and also Urcan are arranged to go back to court on March 05, 2021.

CDI has actually considering that taken “appropriate administrative action” versus both representatives, the division stated in a launch. The regulatory authority has actually likewise recommended that any person that has actually been preyed on by either Farmer or Urcan ought to get in touch with the CDI.

“By allegedly taking payments but not placing insurance coverage, these licensed insurance agents left these small businesses at risk for devastating financial loss,” stated The golden state insurance policy commissioner Ricardo Lara in a declaration.

Lara included that the CDI will certainly proceed its initiatives to safeguard small company proprietors from scams that would certainly endanger their incomes.

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