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South Jersey insurance claims adjuster charged with stealing nearly $200,000 in payouts
['Michael Tanenbaum', 'Phillyvoice Staff']
PhillyVoice
An insurance claims adjuster in Camden County allegedly fabricated filings for work to be done on properties and used his position to approve payouts of nearly $200,000 he kept for himself, the New Jersey Office of Attorney General said Thursday.
John Philbin, 48, of Clementon, worked for Assurant — an international insurance company based in Atlanta — when he allegedly began submitting bogus claims for properties in New Jersey, prosecutors said.
He allegedly used false identities, fake vendor estimates and invoices from non-existent companies among the documents submitted.
Insurers issued payouts for work that never occurred and the money allegedly was directed to bank accounts Philbin controlled.
Insurers paid out a total of $191,163 on the fake claims Philbin allegedly submitted.