For Immediate Release: October 12, 2010
Former Franklin County Insurance Agent Accused of Embezzlement
RALEIGH -- Insurance Commissioner Wayne Goodwin today announced the arrest of Judy W. Allen, 54, of 2064 Hwy. 561, Louisburg; she is charged with one count of agent embezzlement.
Department of Insurance criminal investigators allege that between June 11 and Aug. 13, Allen, while working as an insurance agent, took premiums totaling $49,761 from 66 policyholders, but failed to remit them to Nationwide Insurance Company. An individual who has an agreement to purchase the agency paid the full amount to Nationwide to maintain customer business; the policyholders did not experience a lapse in coverage.
Allen was arrested in Franklin County on Oct. 11 and placed under a $25,000 secured bond. She is scheduled to appear in court on Nov. 16. She voluntarily surrendered her insurance license in August.
The Department of Insurance employs 20 sworn law enforcement officers dedicated to investigating claims of insurance fraud. So far in 2010, these criminal investigators have seen more than 268 cases successfully closed with more than $18.5 million in restitution and recoveries, 54 criminal convictions and 89 arrests.
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 Criminal Investigations Division at 919-807-6840. Callers may remain anonymous. Information is also available at www.ncdoi.com.