The Takeaway: Insurance Agent Jailed for Selling Annuity to 83-Year-Old With Dementia

In California, independent insurance agent Glenn Neasham was sentenced to 90 days in jail for selling a complicated annuity plan to an 83-year-old woman who shows signs of dementia. It’s a case that has elder abuse advocates cheering, but which sends “shivers down the spines” of American insurance agents.

News To Know: Up In Smoke

A rise in insurance fraud has accompanied the economic slide in recent months.