Insurance agency inspected by state commissioner - WALB.com, Albany News, Weather, Sports

Insurance agency inspected by state commissioner

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May 23, 2006

Moultrie -- Investigators with the State Insurance Commissioner's office stormed an agency in Moultrie. They say the owner of Insurance Unlimited may not have been forwarding premiums to insurance companies, making some clients lapse in their coverage.

Insurance Unlimited clients were turned away at the door by Moultrie police as they came to pay insurance premiums.

"They told me they're closed down for an investigation, and I can't pay my insurance and it's due today." Felicia Wallace has been a customer here for two years.

She said she's had problems here a couple times. She says she's made payments every month, but has had her coverage canceled periodically for no reason. Now, insurance unlimited is being investigated for fraud.

Chief of Investigations Steve Sprouse says, "We're looking into some allegations that have been made regarding insurance at the facility."

But another customer, Willie James Pace, says he's always been satisfied with Insurance Unlimited. "I got my truck and car insurance here."

Agents carried away a computer and boxes of files, all with full cooperation of the owner of the company, Alicia Coarsey, who has not been placed under arrest. "No arrests made and that's depending on the information we receive here," said Sprouse.

And for now, Insurance Unlimited has not been shut down. "There still in business, they're still in operation and like I say, they're cooperating in the investigation," said Sprouse.

Insurance Commissioner John Oxendine says the records confiscated today will be examined for possible fraud to make sure all clients got the coverage they paid for. Current customers should continue making payments until told otherwise.

If you are a client of Insurance Unlimited and concerned about your coverage, you can contact the Insurance Commissioner's office at 1-800-656-2298.

There is another Insurance Unlimited in Tifton, but investigators say the two businesses are not affiliated and the one in Tifton is not under investigation.

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