How to Protect Yourself From Insurance Agents Stealing Your

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It’s a troubling dilemma across the condition of California: Some insurance policies agents are thieving from their clientele.

In 2022, the state’s office of Insurance policies has uncovered at the very least a dozen brokers who stole from their consumers. 1 of those people agents allegedly stole tens of hundreds of dollars from a man who utilized to dwell in Carlsbad.

“My father was a extremely appealing, multifaceted male,” stated Bianca Juarez, the daughter of Gregg Juarez.

Bianca reported that, all through his remaining decades, Gregg grew to become a bit of a recluse, even from his family.

“He was incredibly paranoid about anybody wanting to acquire gain of him,” Bianca stated. “He had money in distinctive bank accounts all above the area.”

For the reason that the accounts were all split up, Bianca mentioned, no just one observed Gregg’s dollars was remaining stolen until finally immediately after his loss of life, in 2018.

“There was no one particular person searching at his affairs expressing it failed to make sense,” Bianca reported. “Gregg went from expending $900 a year on insurance plan to $2,000 every single thirty day period. We discovered all the checks, and they obviously weren’t in Gregg’s handwriting.”

The California D epartment of Insurance thinks it knows who took the money.

“There is a case pending here in San Diego from this personal, who is a previous licensee of ours,” said Gustavo Ramos, a regional supervising investigator with the CDI.

Gregg’s ormer insurance agent, John Ryan, labored out of Palm Springs but is now in custody awaiting a preliminary listening to. He has been billed with 45 counts of grand theft, identity theft and elder abuse linked to the a lot more than $75,000 he allegedly stole from Juarez.

Ryan has pleaded not responsible to the expenses. NBC 7 Responds arrived at out to him and his lawyer for a comment on this tale but has not hear again.

This isn’t an isolated scenario. Likely again to the beginning of the year, NBC 7 seen a pattern. Extra than a dozen insurance plan agents arrested, accused of taking revenue from the quite people who set their believe in in them.

Even though it seems to be like this problem is rising, Ramos explained, the department is just getting more intentional about bringing these situations to the community eye. The CDI stated these forms of crimes expense people today millions of bucks just past 12 months.

“I would properly say that 70 to 80% of our victims are elderly,” reported Ramos.

So what can you do to guard on your own?

  1. Make positive your insurance policies agent is certified with the CDI
  2. Preserve an eye out for larger-than-anticipated insurance policies prices on your bank statements
  3. Established a reminder to check your insurance coverage insurance policies a several moments a yr to see if they’re still energetic and make sure your rates have been paid
  4. Question elderly spouse and children users about acquiring accessibility to their accounts so they can be monitored for suspicious costs

The CDI wishes to make it apparent that the large the greater part of insurance policies brokers are trusted and go by way of ethics teaching in order to be licensed. The department is also inquiring Ryan’s shoppers to look at their insurance coverage insurance policies to make certain the premiums have been paid out.

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