Insurance Agent Missing After Yacht Burns In Florida - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Advertise
    • Contact
    • Editorial Staff
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Get our newsletter
Order Prints
August 15, 2012
Share
Share
Tweet
Email

Insurance Agent Missing After Yacht Burns In Florida

Terry Dickson, The Florida Times-Union, Jacksonville
By Terry Dickson, The Florida Times-Union, Jacksonville
McClatchy-Tribune Information Services

Aug. 15--BRUNSWICK, Ga. -- A day after his $558,000 custom-built yacht burned in St. Marys, David Trauger was due in Glynn County Superior Court to ask a judge to set aside his divorce and give him back the boat, Trauger's lawyer said.

Crystal Ferrier, who represents the 67-year-old Trauger, said he was prepared to go into court Tuesday and testify that his divorce in which the boat was awarded to his ex-wife Karen Barnes, 55, was a sham.

After the yacht Premium Time burned at 3:20 a.m. while at anchor in the North River off the St. Marys Boat Yard, investigators recovered charred skeletal remains.

Lt. Johnny Guy of the St. Marys Police Department said Wednesday he knows there was at least one burned body aboard the boat unless forensic analysis of the remains show there were more. Guy said his office has no idea yet of the identity of the remains. In addition to Barnes and Trauger, Guy said investigators still haven't located Larry Ford, a friend of Barnes' who was supposed to have been aboard a boat tied up next to the Premium Time.

Investigators and Georgia Department of Natural Resources rangers also searched the woods and neighborhood along the St. Marys River near Interstate 95 after a resident there spotted the Premium Time's dingy partially sunk in a marsh. Its bow and mooring line were also charred, Guy said.

Guy said the searchers didn't find anyone and that sonar equipment could be used Wednesday afternoon to search the river near where the Premium Time burned.

Ferrier said she doesn't know if the remains are Trauger or, if not, his whereabouts.

"He was supposed to be in my office at 2 p.m. Tuesday to prepare for the hearing. Obviously, he didn't show up,'' she said.

Until their divorce this summer, Trauger and Barnes had been married about 2 1/2 years, Ferrier said.

Their divorce was contrived as a way to get the boat into the legal possession of Barnes so that Linda Trauger, whom Trauger divorced after 20 years, couldn't lay claim to the boat as payment for money he owed her.

Had not Trauger willingly signed the boat over to Barnes, there is no possible way under Georgia law a judge would have awarded it to her in a divorce settlement, Ferrier said.

"He had this boat custom built before he ever met Karen. I have the bill of sale. He paid $558,000 for it. And he signs it over to her? No way in hell,'' Ferrier said.

Barnes and Trauger had agreed to remain living together aboard the boat when it was still at Jekyll Island, she said.

"He came back with flowers and wine in hand and all the locks are changed,'' all after she sent him a birthday card and as she was still using their credit card, Ferrier said.

Instead of living up to that agreement, Barnes took off with the boat, she said.

"He's just been devastated and distraught...He would do anything for this woman,'' Ferrier said.

In her own court filings, Barnes asserted that Trauger had been stalking her, had threatened her and that when he found the locks changed he tried to climb into the boat from the top. She called the police and there is a report.

Barnes had also filed a motion for the court to find Trauger in contempt for not paying alimony, but Ferrier said, "He didn't know where she was."

When they were still together, the Premium Time had been docked at Jekyll Harbor Marina, but Barnes had moved it to St. Marys. She claimed in her court filings she had to hide from Trauger.

Ferrier said she is mystified by the entire episode especially after hearing scuttlebutt Monday of a murder-suicide and that police had found bullets and bodies aboard the Premium Time.

None of it sound like her client, who did well in the insurance business in Pennsylvania before diminishing his role and moving aboard his boat, she said.

"Mr. Trauger is not a dumb man. He did make mistakes. One was signing this thing,'' she said of the divorce settlement.

Terry Dickson: (912) 264-0405

___

(c)2012 The Florida Times-Union (Jacksonville, Fla.)

Visit The Florida Times-Union (Jacksonville, Fla.) at www.jacksonville.com

Distributed by MCT Information Services

Wordcount:  712

Advisor News

  • 2025 Top 5 Advisor Stories: From the ‘Age Wave’ to Gen Z angst
  • Flexibility is the future of employee financial wellness benefits
  • Bill aims to boost access to work retirement plans for millions of Americans
  • A new era of advisor support for caregiving
  • Millennial Dilemma: Home ownership or retirement security?
More Advisor News

Annuity News

  • Great-West Life & Annuity Insurance Company Trademark Application for “EMPOWER BENEFIT CONSULTING SERVICES” Filed: Great-West Life & Annuity Insurance Company
  • 2025 Top 5 Annuity Stories: Lawsuits, layoffs and Brighthouse sale rumors
  • An Application for the Trademark “DYNAMIC RETIREMENT MANAGER” Has Been Filed by Great-West Life & Annuity Insurance Company: Great-West Life & Annuity Insurance Company
  • Product understanding will drive the future of insurance
  • Prudential launches FlexGuard 2.0 RILA
More Annuity News

Health/Employee Benefits News

  • Letter: Congress must extend ACA premium tax credits
  • Fighting a health insurance denial? Here are some tips to help.
  • Thousands of Alaskans face health care 'cliff' in the new year amid gridlock in Congress
  • New state laws for the new year
  • Methuen council plans special meeting for Tuesday
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Baby On Board
  • 2025 Top 5 Life Insurance Stories: IUL takes center stage as lawsuits pile up
  • Private placement securities continue to be attractive to insurers
  • Inszone Insurance Services Expands Benefits Department in Michigan with Acquisition of Voyage Benefits, LLC
  • Affordability pressures are reshaping pricing, products and strategy for 2026
More Life Insurance News

- Presented By -

Top Read Stories

  • How the life insurance industry can reach the social media generations
More Top Read Stories >

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Slow Me the Money
Slow down RMDs … and RMD taxes … with a QLAC. Click to learn how.

ICMG 2026: 3 Days to Transform Your Business
Speed Networking, deal-making, and insights that spark real growth — all in Miami.

Your trusted annuity partner.
Knighthead Life provides dependable annuities that help your clients retire with confidence.

Press Releases

  • Two industry finance experts join National Life Group amid accelerated growth
  • National Life Group Announces Leadership Transition at Equity Services, Inc.
  • SandStone Insurance Partners Welcomes Industry Veteran, Rhonda Waskie, as Senior Account Executive
  • Springline Advisory Announces Partnership With Software And Consulting Firm Actuarial Resources Corporation
  • Insuraviews Closes New Funding Round Led by Idea Fund to Scale Market Intelligence Platform
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Advertise
  • Contact
  • Editorial Staff
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2025 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet