North Carolina Insurance Commissioner Mike Causey announced today the arrest of George Thomas King, 60, of Salvo. King is charged with insurance fraud and attempting to obtain property by false pretense. Both charges are felonies.
According to special agents with the N.C. Department of Insurance’s Criminal Investigations Division, King attempted to add a sailboat to a Progressive Select insurance policy after the boat had already capsized. He then attempted to file a claim on the boat on his new policy totalling $10,000.