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WARNING * USA - Florida Puts Brakes on Agent Accused of Not Placing Truckers' Insurance
Failed to place coverage for dozens of truckers, causing them to unknowingly operate without insurance
San Diego,CA,USA -Insurance Journal -January 27, 2009: -- Florida Chief Financial Officer Alex Sink is urging the commercial trucking industry and the public to provide any information that may assist the Department of Financial Services' ongoing criminal investigation into an agent who they say pocketed at least $500,000 in commercial auto premiums and failed to place coverage for dozens of truckers, causing them to unknowingly operate without insurance... Margarita D. Martin, owner and operator of Martin-Argote Insurance Group, Inc., in Medley, has been permanently barred from any involvement in the insurance industry, based on a final order the department issued in December. Sink took expedited action against Martin, including an emergency order in October. The department's Division of Agent and Agency Services, Bureau of Investigation, said that Martin sold commercial liability insurance and had customers throughout Florida. Between January 2006 and November 2008, some truckers lost their licenses and even their jobs after having to pay for accidents that occurred during the time they were supposedly insured under policies written by Martin's agency, according to officials...
Labels: trucking insurances
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