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CA Department of Insurance
CA Department of Insurance
CA Department of Insurance

Former LA insurance agent arraigned on over 40 counts after allegedly stealing co-workers’ commissions

News: 2020 Press Release

For Release: December 17, 2020
Media Calls Only: 916-492-3566
Email Inquiries: cdipress@insurance.ca.gov
Former LA insurance agent arraigned on over 40 counts after allegedly stealing co-workers’ commissions

LOS ANGELES, Calif. —   Former insurance agent Lloyd Gronich, 61, of Oak Park, was arraigned today on 29 felony counts of grand theft, identity theft and unauthorized computer access, and 13 misdemeanor counts of theft after allegedly stealing $4,204 in commissions belonging to his co-workers. 

An investigation by the California Department of Insurance revealed that on multiple occasions, Gronich defrauded other insurance agents he worked with by stealing their commissions. To facilitate the theft, Gronich stole the identities of his co-workers’ clients and illegally accessed their computerized insurance applications. Gronich then made changes to the applications to divert the commissions to himself for personal use. His alleged theft totaled $4,204.

Gronich was arraigned today at the Los Angeles Superior Court. The Los Angeles County District Attorney’s Office is prosecuting the case under the California Department of Insurance’s Life and Annuity Consumer Protection Program.

Gronich voluntarily surrendered his insurance license on October 22, 2020.

 

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Led by Insurance Commissioner Ricardo Lara, the California Department of Insurance is the consumer protection agency for the nation's largest insurance marketplace and safeguards all of the state’s consumers by fairly regulating the insurance industry. Under the Commissioner’s direction, the Department uses its authority to protect Californians from insurance rates that are excessive, inadequate, or unfairly discriminatory, oversee insurer solvency to pay claims, set standards for agents and broker licensing, perform market conduct reviews of insurance companies, resolve consumer complaints, and investigate and prosecute insurance fraud. Consumers are urged to call 1-800-927-4357 with any questions or contact us at www.insurance.ca.gov via webform or online chat. Non-media inquiries should be directed to the Consumer Hotline at 800-927-4357. Teletypewriter (TTY), please dial 800-482-4833.

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