Florida insurance agent arrested after Ian victim discovers property had no coverage
NBC - 8 WFLA (Tampa, FL)
TAMPA, Fla. (WFLA) -- A Florida insurance agent was arrested Monday after a man discovered his property had no coverage after Hurricane Ian, despite paying the premium in full.
Naser Al-Sweity, of Florida P&C Insurance Agency in Boca Raton, was accused of pocketing over $131,000 in premiums, according to a news release from Florida CFO Jimmy Patronis.
The state began investigating Al-Sweity when a man contacted the Disaster Fraud Action Strike Team after Hurricane Ian, claiming the Charlotte County apartment complex he owns had no property or flood insurance coverage. This left him on the hook for $1 million in repairs, despite paying his insurance premium, according to the CFO.
Al-Sweity was accused of misappropriating payments from seven insurance customers, totaling $131,000. He neglected to pay for the policies, causing all seven people to lose their coverage.
Al-Sweity was booked into the Palm Beach County Jail on charges of organized scheme to defraud, misappropriation of insurance funds, and fraudulent use of personal ID information.
Anyone with difficulties settling an insurance claim or feels as though their claim was improperly denied is urged to contact the Florida Department of Financial Services' Division of Consumer Services insurance consumer helpline at 1-877-MY-FL-CFO (693-5236).
Credit Risk Transfer Update: As of September 30, 2023
Health Insurance Enrollment 2024
Advisor News
- The inheritance gap: Helping clients plan for money that hasn’t arrived
- After the midterms: Addressing your clients’ tax concerns
- Berkeley arts tax heads toward passage while public bank measure looks likely to fail
- Americans’ sense of overall prosperity still ticks upward
- Turning expanded eligibility into a better coverage plan for federal clients
More Advisor NewsAnnuity News
- Annuity sales hit record $126.3B as RILA sales top $25B
- More pre-retirees rethink retirement as income-planning concerns grow
- AM Best Affirms Credit Ratings of Knighthead Annuity & Life Assurance Company and Merit Life Insurance Co.
- Jackson reports record annuity sales, increases share repurchase authorization
- Why the market doesn’t need more carriers
More Annuity NewsHealth/Employee Benefits News
- Study Results from Hospital of the University of Pennsylvania in the Area of Managed Care Reported (Ten-year Performance of the Multi-Layer Insulated Defibrillation Lead in the Medicare Population): Managed Care
- Insurance cost hikes, fewer Medicare options add to Wyomingites' healthcare struggles
- Insurance Barriers to Mental Health Care Are Breaking Down
- States push short-term insurance as healthcare costs climb
- UnitedHealthcare calls Fairview lawsuit ‘mudslinging,’ asks judge to dismiss it
More Health/Employee Benefits NewsLife Insurance News
- Samsung Fire & Marine Insurance to Acquire Outstanding Stake in Canopius with KKR and KIC
- Start estate planning before the family needs it
- Best’s Market Segment Report: Health and Property Lines of Business Drive Hong Kong’s Non-Life Insurance Growth
- AM Best Affirms Credit Ratings of Central States Indemnity Co. of Omaha and Its Subsidiary
- National Life Group Approves $23 Million Dividends for 2027
More Life Insurance News