North Carolina Insurance Commissioner Mike Causey announced today the arrest of George Thomas King, 60, of Salvo. King is charged with insurance fraud and attempting to obtain property by false pretense. Both charges are felonies.
According to special agents with the N.C. Department of Insurance’s Criminal Investigations Division, King attempted to add a sailboat to a Progressive Select insurance policy after the boat had already capsized. He then attempted to file a claim on the boat on his new policy totalling $10,000.
The incident occurred on July 13, 2024, according to the arrest warrants.
King was arrested on Dec. 4 and released on a $10,000 secured bond. He is set to appear in Dare County District Court on Jan. 16, 2025.
“Insurance fraud hits consumers in the wallet,” Commissioner Causey said. “But our agents are working hard by aggressively investigating and prosecuting these types of cases.”
If you suspect insurance fraud or other white-collar crimes, please report it. You may anonymously report fraud by calling the N.C. Department of Insurance Criminal Investigations Division at 919-807-6840 or toll free from anywhere in North Carolina at 888-680-7684.
Information is also available at www.ncdoi.gov.