The various assets destroyed in the scheme included a 1966 Beechcraft Baron, a 2008 Lamborghini Gallardo, a 1971 Cessna 500, and a 1998 Hunter Passage. Wright and his co-conspirators then devised and carried out schemes to destroy those goods and defraud insurance companies. Wright and his co-conspirators, Shane Gordon, 46, and Raymond Fosdick, 42, both of Houston, and Edward Delima, 42, of Honolulu, Hawaii, acquired luxury goods and obtained insurance coverage for those goods in amounts exceeding their purchase prices. Wright was also ordered to pay restitution in the amount of $988,544.83.Īccording to information presented in court, Wright led a multi-jurisdictional fraud and arson scheme that spanned from Hawaii to the Gulf of Mexico and involved the destruction of various luxury goods, including vehicles, aircraft, and vessels. 7, 2017, to conspiracy to commit wire fraud and conspiracy to commit arson and was sentenced to 65 months in federal prison today by U.S. Theodore Robert Wright, III, pleaded guilty on Dec. Andrew Watts Chief Financial Officer – Brown & Brown, Inc.TYLER, Texas – A 33-year-old pilot, formerly of Kemah, Texas, has been sentenced to federal prison for violations in the Eastern District of Texas, announced U.S. Tower Hill has been protecting Florida’s home and business owners for nearly half a century. Wright Flood’s web address is Tower Hill Insurance Group is one of Florida’s largest residential property insurers, represented by more than 850 insurance agencies throughout the state. In conjunction with Wright National Flood Insurance Services, LLC, the Wright Flood group is the largest full-service flood coverage from placement through claims. Wright National Flood Insurance Company is a leading WYO carrier and a provides private flood coverage options. Both Tower Hill and Wright Flood are committed to making this transition as seamless as possible for our current policyholders and are eager to grow our NFIP portfolio moving forward.” Matz stated, “We are extremely pleased to partner with Wright Flood to bring Tower Hill agents and NFIP policyholders world-class service in the delivery and administration of their flood policies. We are excited to partner with Tower Hill to add our experience in flood coverage to the Tower Hill offerings.” Since the inception of the National Flood Insurance Program, Wright Flood has been a premier provider of NFIP flood coverage and private flood options for homeowners and business owners. Templeton-Jones stated, “For the last 46 years, Tower Hill has been an established presence in Florida for its policyholders and its retail agent partners. Wright and Tower Hill representatives together will be in contact with their agents. For retail agents accessing flood coverage through Tower Hill, there will be minimal change in the process to continue to provide NFIP flood insurance coverage for policyholders. Best rated as A- (Excellent) for financial strength. All new policies and renewals will be issued by Wright National Flood Insurance Company, which is A.M. Beginning in September of 2018, Wright Flood will manage Tower Hill NFIP flood placements. PETERSBURG, Fla., J(GLOBE NEWSWIRE) - Patricia Templeton-Jones, President of Wright National Flood Insurance Services, LLC, the administrator of Wright National Flood Insurance Company (collectively, “ Wright Flood”), and Don Matz, President of Tower Hill Insurance Group (“ Tower Hill”), today announced that Wright National Flood Insurance Company and Tower Hill have entered into an agreement for Wright Flood to service, administer and issue flood coverage under the National Flood Insurance Program (“ NFIP”) for Tower Hill policyholders and retail agents.įor over 40 years, Wright Flood and Tower Hill have each been providing advice and products to insure property risks for residential and commercial clients.
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