A former Idaho insurance agent pled guilty to insurance fraud for backdating a policy.
Stetzen Bailey, of Heyburn, a former Farm Bureau Insurance agent, pled guilty to one felony count of insurance fraud.
An investigation by the Idaho Department of Insurance’s Fraud Unit reportedly found that Bailey knowingly backdated an insurance policy on a 2018 Bombardier snowmobile belonging to a family member. At the time Bailey created the policy, the snowmobile had already been damaged in a collision, according to the DOI.
The department said the Farm Bureau Insurance paid out more than $7,000 before the fraud was uncovered.
Bailey was sentenced in Cassia County District Court to a sentence of five years, consisting of two years fixed plus three years indeterminate, a suspended sentence in favor of three years of supervised probation, completion of 10 days on the sheriff’s work detail, completion of 40 hours of community service and payment of fines and restitution.
New York-based insurance broker USI Insurance Services has gone to court to halt a former employee it alleges has poached a few customers for his own newly-formed agency.
USI claims that Billy J. MacNair is violating employment and severance agreements by using confidential information and soliciting his former clients for his own Pennsylvania-based MacNair Enterprises LLC in direct competition with USI.
According to the complaint filed in federal district court for Connecticut, MacNair worked for USI in Norwalk, Connecticut from September 18, 2023 to January 29, 2026, during which time he gained access to USI’s confidential information while building and managing a book of business.
USI said MacNair’s employment was “involuntarily terminated” but the complaint does not say why. The complaint maintains that under his employment agreement, MacNair agreed he would not use confidential information or solicit clients he managed for two years after leaving USI.
However, according to USI, in April, just three months after his termination, USI learned that three of his clients were leaving USI and moving their business to MacNair at his new employer. The three represented annual revenues to USI of $337,000.
At that time in April, USI believed MacNair had taken a job with a competitor, Martin Insurance Group. USI says MacNair confirmed he had contacted the three clients. According to the complaint, only later did USI learn that MacNair was not with the Martin firm but had apparently opened his own agency.
