Derrick Dwayne Hood, of Waxhaw, North Carolina has been arrested and charged with insurance fraud and obtaining property by false pretenses, according to state officials.
Department of Insurance criminal investigators allege that Hood falsely reported his vehicle stolen in June 2010, and that, as a result, N.C. Farm Bureau paid Hood and the lien holder on the vehicle a total of $9,185.00.
With the assistance of the Union County Sheriff’s Office and the North Carolina Department of Motor Vehicles, Hood was arrested on April 20 and released on a written promise to appear.
Copyright 2024 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Was this article valuable?
Here are more articles you may enjoy.
California Chiropractor Sentenced to 54 Years for $150M Workers’ Comp Scheme 
Sanofi to Pay $100 Million to Settle Zantac Cancer Lawsuits 
Gallagher: Global Insured Natural Disaster Claims Again Dominated by Severe U.S. Storms 
Harvard Study Again Stirs the Pot on Demotech Ratings of Florida Carriers 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.