A Huntington, West Virginia woman has been sentenced to three years and a month in federal prison for embezzling $1.1 million from her company’s clients.
Andrea Mills formerly owned Allied Benefit Administrators Inc., a third-party administrator of employee health-benefit claims.
The 49-year-old Mills admitted embezzling $1.1 million in premiums that her clients paid for reinsurance, payments that were to limit their exposure under the benefit plans they offered.
As a result of her actions, clients lost $2.3 million in health claims that should have been covered by reinsurance but weren’t. U.S. District Judge Robert C. Chambers ordered Mills to pay that amount as restitution.
Was this article valuable?
Here are more articles you may enjoy.
Canceled FEMA Review Council Vote Leaves Flood Insurance Reforms in Limbo 
One out of 10 Cars Sold in Europe Is Now Made by a Chinese Brand 
UBS Top Executives to Appear at Senate Hearing on Credit Suisse Nazi Accounts 
US Will Test Infant Formula to See If Botulism Is Wider Risk 
Want to stay up to date?
Get the latest insurance news
sent straight to your inbox.