Bogus-policy issuer busted. (26-AUG-05) The Miami Herald (Miami, Florida) (via Knight-Ridder/Tribune Business News)

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Bogus-policy issuer busted.

Publication: The Miami Herald (Miami, Florida) (via Knight-Ridder/Tribune Business News)

Publication Date: 26-AUG-05

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Byline: Beatrice E. Garcia

Aug. 26--With a hurricane approaching South Florida Thursday morning, state insurance investigators ordered the arrest of a Miami man for selling bogus windstorm coverage to at least 45 consumers.

Allen E. Weintraub, who was picked up at his multimillion dollar home in Golden Beach, had set up a bogus insurance company that lured consumers in with deeply discounted premium rates on hurricane policies. He...

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