Crime

Potter Serves Cease And Desist Order To Insurance Agent On St. Croix Suspected Of Defrauding Clients

The Lieutenant Governor Osbert Potter at a recent press briefing in St. Thomas attempted to reassure residents that insurance coverage for persons who paid premiums to a suspected fraudulent agent on St. Croix will be honored by insurance companies. Mr. Potter, who also serves as the commissioner of insurance, said he was forced to serve a cease and desist order to an insurance agent on St. Croix, who had been selling insurance policies and was pocketing the premiums collected that were supposed to be turned over to an insurance company. “They collected quite a bit of insurance premiums," Mr. Potter said. The lieutenant governor said his banking and insurance team got together with the insurance companies whose officials promised to honor the policies that should have been filed with them. "Those individuals will be covered," Mr. Potter said. He did not say how many insured individuals were affected, nor did he state the amount of money stolen, and the lieutenant governor did not give ...