WOMAN CHARGED SECOND TIME
FOR STEALING INSURANCE FUNDS
A woman, arrested a month ago on charges of stealing more
than $100,000 from the Florida Insurance Guaranty Association (FIGA), has been
arrested a second time on charges that she stole more than $310,000 from another
insurance company, said Florida’s Chief Financial Officer Tom Gallagher.
Shirley J. Kay, 42, of 7651
Gate Parkway, Apt. 308, was re-arrested on charges of insurance fraud and grand
theft. She was booked into the Duval County Jail, with bond set at $500,000.
Kay was arrested in March on similar charges. Both arrests were a result of
investigations by the Department of Financial Services, Division of Insurance
Fraud. If convicted on all charges, she faces as much as 60 years in prison.
The 4th Judicial Circuit State Attorney's Office is prosecuting both sets of
“When insurance companies
suffer such losses, the costs are passed on to all of us in the form of higher
premiums, and that has a detrimental effect on the economy of the entire state,”
said Gallagher, who oversees the Department of Financial Services. “The bond
reflects the seriousness of her alleged actions. I appreciate the investigators
and the prosecutor for working so quickly to bring these cases to prosecution.”
Kay, a claims adjuster,
worked at Jacksonville-based Old Dominion Insurance Company from 1997 to 2002.
Investigators determined that from around October 1999 to September 2002, she
embezzled more than $310,000 from Old Dominion by writing checks to a fictitious
vendor and depositing the checks into her personal checking account.
Investigators said it was the same scheme she used to embezzle about $104,000
from FIGA, also headquartered in Jacksonville, from 2002 up until last month.
The Department of Financial
Services, Division of Insurance Fraud, investigates various forms of fraud in
insurance, including health, life, auto, property and workers' compensation
insurance. Anyone with information about this case or another possible fraud
scheme should call the department's Fraud Hotline at 1-800-378-0445. A reward
of up to $25,000 may be offered for information leading to a conviction.