Agent Arrested for Allegedly Pocketing WC Premium

Insurance fraud investigators arrested a North Carolina insurance agent earlier this month for allegedly pocketing premiums from a business owner who thought he was purchasing workers' compensation coverage.Insurance Commissioner Wayne Goodwin announced the May 1 arrest of Sherri Efrid, 45, of Davidson, N.C. According to the investigation, Efrid twice collected premium payments totaling $1,700 for workers' compensation insurance from a local business owner and failed to remit the money to the insurance company. After another employee couldn't find a record of insurance for the vict...