Merced insurance agent arraigned for alleged financial elder abuse
News: 2020 Press Release
MERCED, Calif. — Former insurance agent Shamron Briggs, 54, was arraigned today on two felony counts of financial elder abuse after allegedly stealing senior clients’ insurance premiums and failing to place the proper funeral insurance coverage.
After receiving a consumer complaint against Briggs, the Department of Insurance launched an investigation which found that in December 2016, Briggs sold a funeral insurance policy to a 93-year-old client and collected $2,838 for the premium. Rather than remitting the entire amount to the insurance company to pay for the policy, Briggs allegedly deposited the money into her own personal bank account and made five quarterly payments, totaling $1,235.38, to the insurance company. The remaining $1,602.62 was never remitted by Briggs and resulted in the victim receiving an insurance policy that was worth less than what she expected and paid for.
During the investigation, a second victim was identified where Briggs allegedly employed the same scheme, in which she sold a funeral insurance policy to a 90-year-old client and collected $1,600 for the premium. Again, Briggs did not remit any of the premium to the insurance company and instead deposited the funds into her personal bank account and used it for her personal benefit. As a result, the victim was unknowingly left without the insurance coverage they paid for.
The Department revoked Briggs’ insurance license on February 15, 2019. If you feel you’ve been victimized or know someone who has been victimized by Briggs, please call 661-253-7500.
The Merced County District Attorney’s Office is prosecuting this case. Briggs is scheduled to return to court on October 29, 2020.
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The California Department of Insurance, established in 1868, is the largest consumer protection agency in California. Insurers collect $371 billion in premiums annually in California. Since 2011 the California Department of Insurance received more than 1,000,000 calls from consumers and helped recover over $469 million in claims and premiums. Please visit the Department of Insurance website at www.insurance.ca.gov. Non-media inquiries should be directed to the Consumer Hotline at 800-927-4357. Teletypewriter (TTY), please dial 800-482-4833.