Arlington city clerk comments on Southeastern U.S. Insurance - WALB.com, South Georgia News, Weather, Sports

Arlington city clerk comments on Southeastern U.S. Insurance

By Christian Jennings - bio | email

ARLINGTON,  GA (WALB) –  Several south Georgia towns that did business with Southeastern U-S Insurance company were shocked to hear about the company's wrong-doings.

The city of Arlington was one of the dozens of south georgia local governments that got their worker's compensation insurance through Southeastern U.S. They were able to get a new policy before their coverage lapsed and they didn't have any ongoing claims.

The city clerk says the company's downfall is proof it's hard to know who to trust when it comes to money.

"When we started with them two years ago we liked the company, the agents. We thought we had a good company, but we found out we didn't," said Mary King, Arlington City Clerk.

Insurance commissioner John Oxendine says the company's CEO Clark Fain III illegally took out a $10-million loan from his company to invest in hunting land in Seminole county.

The company's assets were sold at a huge auction in Donalsonville yesterday. The state took over the company in October and many cities and school boards throughout the state were out thousands of dollars and without workman's comp insurance because of it.

 
©2009 WALB News. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.  Feedback

  • More WALB News10 HeadlinesMore News HeadlinesMore>>

  • Dozens of homes evacuated around Terrell Co. chicken plant

    Dozens of homes evacuated around Terrell Co. chicken plant

    Thursday, April 19 2018 7:49 AM EDT2018-04-19 11:49:56 GMT
    (Source: Terrell Co. Fire Dept.)(Source: Terrell Co. Fire Dept.)

    Dozens of homes around the Tyson Foods chicken plant on Industrial Park Blvd have been evacuated after a chemical fire at the plant began around 10 Wednesday night.

    More >>

    Dozens of homes around the Tyson Foods chicken plant on Industrial Park Blvd have been evacuated after a chemical fire at the plant began around 10 Wednesday night.

    More >>
  • 1 injured in early morning crash

    1 injured in early morning crash

    Thursday, April 19 2018 5:16 AM EDT2018-04-19 09:16:27 GMT
    (Source: WALB)(Source: WALB)
    (Source: WALB)(Source: WALB)

    One person is hospitalized after a crash sent a car overturning several times in Albany. It happened around 2:30 Thursday morning at Dennis Homes off Newton Road. 

    More >>

    One person is hospitalized after a crash sent a car overturning several times in Albany. It happened around 2:30 Thursday morning at Dennis Homes off Newton Road. 

    More >>
  • Students and teachers show support to classmate

    Students and teachers show support to classmate

    Thursday, April 19 2018 3:22 AM EDT2018-04-19 07:22:27 GMT
    (Source: WALB)(Source: WALB)
    (Source: WALB)(Source: WALB)

    Students at Garrison Pilcher Elementary School had a powerful facetime chat with one of their classmates for the first time since she started treatment for leukemia in Atlanta.

    More >>

    Students at Garrison Pilcher Elementary School had a powerful facetime chat with one of their classmates for the first time since she started treatment for leukemia in Atlanta.

    More >>
Powered by Frankly