DOI News

For Immediate Release: Contact:
December 1, 2009 Kristin Milam
Johanna Royo
Greensboro Woman Arrested on Charges of Embezzlement and Larceny
The alleged Snow Hill victims lost their home in a tornado
RALEIGH -- Insurance Commissioner Wayne Goodwin today announced the arrest of Ashley Carrol Waddell, 39, 4610 Wending Lane, Greensboro, on felony embezzlement and larceny charges. DOI investigators allege, in 2008, Waddell, as a licensed public adjuster, took $54,835 in insurance money that was intended for her clients after the destruction of their Snow Hill home during a tornado.
Waddell was charged with a similar crime in June. In that case, which is still pending, her clients were to receive $89,314.52 in insurance payments following a home fire. Waddell was a licensed public adjuster and owned International Loss Services in Greensboro. She voluntarily surrendered her license in July and has closed her business. Waddell was arrested at the Wake County Public Safety Center and is scheduled to appear in court in January. Investigators ask anyone who feels they may be a victim to contact the DOI Criminal Investigations Division at 919-807-6840.
The Department of Insurance employs 20 sworn law enforcement officers dedicated to investigating claims of insurance fraud. So far in 2009, these criminal investigators have seen more than 241 cases successfully closed with more than $9.7 million in restitution and recoveries, 67 criminal convictions and 123 arrests and 92 cases pending in court.
An estimated 10 cents of every dollar paid in premiums goes toward the payment of fraudulent claims. To report suspected fraud, contact the Department of Insurance Investigations Division at (919) 807-6840. Callers may remain anonymous. Information is also available at the NC-DOI Web site.
-- NCDOI --