Jordan Haraden Amarillo Texas insurance agent appears to have been fired from Allstate Insurance for insurance fraud. Apparently an investigation was conducted related to Jordan Haraden and the broker found several instances of fraud, such as allowing a fraudulent claim to be processed.
Fraud is a criminal act leading to higher rates for all consumers. Deliberately staging an accident, exaggerating a legitimate claim or knowingly providing false information on an application are all examples of insurance fraud.
Jordan Haraden Yellow City Insurance Amarillo TX, also may have allowed other fraud to continue. There are also legitimate, companies that sell non-insurance products marketed to look like real insurance. For example, an agent working for a company selling health discount plans might call the plan insurance when it is really an unregulated, non-insurance product. If you question whether a product is actual insurance, contact your state insurance department.
It was also considered possibly Jordan Haraden Amarillo TX, Yellow City Insurance, pocketed premiums. If policyholders fail to pay premiums, their policies could lapse, and they could lose the cash values. Similarly, if a fraudulent agent created fictitious policies to achieve sales targets and receive sales incentives, he would likely let those policies lapse. Analysts can drill down into policy portfolios to discover unusual patterns in the frequency and the quantity of lapsed policies, which could indicate fraud. Apparently this is what happened with Amarillo Texas insurance agent Jordan Haraden.
If you suspect fraud, contact the Department of Insurance since insurance fraud hur