Former Texas Insurance coverage Dealer Charged in Alleged Rip-off

A former Friendswood, Texas insurance coverage agent turned himself into authorities final week over prices that he fraudulently brokered insurance coverage insurance policies, the Friendswood Police Division introduced.

Edgar Peralta of Edgar Peralta with Peralta Insurance coverage Brokerage LLC, is charged with theft, a state jail felony, by means of the Galveston County District Lawyer’s Workplace.

Friendswood PD obtained a report on March 3, 2025 with reference to doable theft/fraud involving an insurance coverage rip-off. The sufferer suggested that that they had been utilizing an insurance coverage dealer, Peralta, for a number of years to buy their home-owner, auto, and flood insurance coverage.

The sufferer said it was really useful in Might of 2024 to pre-purchasing these insurance policies for the upcoming yr, and the agent would be capable of save them quite a lot of cash, FPD mentioned.

After a visitors cease in January 2025, it was found that the insurance coverage coverage on the car was not legitimate. The sufferer mentioned they contacted the insurance coverage firm and verified the auto coverage had been cancelled as a result of non-payment of the premiums. It was additionally found that the owners and flood insurance coverage insurance policies have been additionally cancelled for non-payment.

The sufferer mentioned that they had information of sending wired funds to Peralta for the insurance policies, which he was imagined to have paid. The sufferer alleges the cash was by no means despatched to the insurance coverage firms, in line with the police division.

The sufferer mentioned they then found that Peralta’s state license to promote insurance coverage had been revoked/cancelled in June of 2024, and he was persevering with to aim to fraudulently dealer insurance coverage insurance policies. Peralta turned himself in on April 10.

Friendswood PD has additionally reported this incident to the Texas Division of Insurance coverage, and they’re conducting their very own investigation into the matter and the suspect may face additional legal prices.