Insurer Off Hook for Home Destroyed by Fire after Agent Pocketed Premiums
The agent was arrested for pocketing insurance premiums, was sentenced to ten years of probation, and was assigned a fine.
November 04, 2020 at 02:52 PM
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The Georgia Court of Appeals has reversed a ruling by a Bleckley County Superior Court judge, and granted summary judgment, dismissing a suit filed by policyholders. The court found that the property insurer is off the hook for a $200,000 claim against a policy that it canceled, leaving a lawsuit against the agent who was arrested for pocketing their premiums as the only recourse available to the homeowners.
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