Georgia Insurance Commissioner John W. Oxendine said two Macon insurance agents — a father and son– have been arrested after being charged with keeping premiums paid to them for auto and business liability insurance by Goodwill Industries.
Broadus W. Marshall Jr. and his son Matthew P. Marshall have been charged with insurance fraud for allegedly keeping premiums paid to them for auto and business liability insurance. Both father and son are licensed insurance agents and work for Marshall Insurance Agency in Macon.
According to Oxendine, Broadus Marshall kept premium payments totaling $152,062.10 paid to him by Goodwill Industries of Middle Georgia for auto insurance. Instead of turning payments over to the insurer, Marshall deposited the money in his business account and used the funds for student loan payments, car loans, vacations and dining out, among other things.
Because the premiums were not received, Goodwill’s policy was cancelled by the insurer, Philadelphia Insurance Co. Goodwill was unaware during this time that the company was without coverage, according to officials.
Officials said Marshall also charged Goodwill for a bogus extension on their insurance policy. This extension was not approved by the insurer and did not exist on Goodwill’s policy, Oxendine said. Marshall issued Goodwill a new certificate of insurance and new automobile insurance cards when he received the funds for the extension; both the certificate of insurance and auto insurance cards were fraudulent.
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