He reported not knowing how his car burned — now NC man is charged, officials say [The News & Observer (Raleigh, N.C.)]
News & Observer (Raleigh, NC)
Apr. 6—An Eastern North Carolina man said he didn't know how his car caught fire — but he was telling a lie, officials said.
That's because he set his own Dodge Challenger ablaze to try to get insurance money, according to the N.C. Department of Insurance.
Now, the man is charged with insurance fraud and other felonies, officials said April 5 in a news release.
The car owner is accused of torching his car earlier this year. The man then told Progressive Premier Insurance Co. of Illinois "that he did not know what caused a fire that damaged his 2015 Dodge Challenger," according to the state insurance department.
The man was arrested and charged with "unlawful burning of personal property, insurance fraud and attempting to obtain property by false pretense," officials said. He lives in Richlands, a town in Onslow County and roughly 60 miles northeast of Wilmington.
"Insurance fraud is not a victimless crime," N.C. Insurance Commissioner Mike Causey said in the release. "It hits all of us in the pocket through higher premiums."
___
(c)2022 The News & Observer (Raleigh, N.C.)
Visit The News & Observer (Raleigh, N.C.) at www.newsobserver.com
illumifin Completes Acquisition of LTCG
Policygenius Expands Marketplace with Life Insurance from Foresters Financial
Advisor News
- Advisors await SEC decision on Vanguard fair fund distribution
- What to do when adult children become the client
- Judge rules insurers not liable for Newport Group’s AME Church pension lawsuit
- Why vacation homes are becoming a major blind spot for advisors
- The rise of the ‘gray divorce’ insurance client
More Advisor NewsAnnuity News
- Best’s Market Segment Report: Global Life/Annuity Reinsurers Remained Poised for Steady Growth
- When technology becomes easy to rent, what still separates life and annuity carriers?
- Legacy Marketing Group® and Malibu Life USA Announce Distribution Partnership for New Fixed Indexed Annuity Platform
- Empower Annuity Insurance Company of America Trademark Application for “EMPOWER WHAT’S NEXT” Filed: Empower Annuity Insurance Company of America
- Industry pushes back on linking ‘financial strength’ to annuity illustrations
More Annuity NewsHealth/Employee Benefits News
Life Insurance News
- AM Best Affirms Credit Ratings of Life Insurance Company Centras Life JSC
- AM Best Withdraws Credit Ratings of New Providence Life Insurance Company
- When technology becomes easy to rent, what still separates life and annuity carriers?
- St. Paul & Minnesota Foundation invests $15M to help revive downtown St. Paul
- Legacy Marketing Group® and Malibu Life USA Announce Distribution Partnership for New Fixed Indexed Annuity Platform
More Life Insurance News