Lincoln resident Kim Davy arrested for grand theft
Lincoln resident Kimberly Tyner Davy, 64, a local businesswoman, was arrested the afternoon of Dec. 28 for alleged grand theft involving customers of her insurance company.
According to a Lincoln Police Department press release, local police officers were aided by California Department of Insurance investigators in a lengthy investigation into Davy’s business practices.
Davy wrote insurance policies for a number of businesses after finding an agency that would insure them, according to the police press release. She then offered them a discount if they paid in advance, the press release said, and then allegedly used some or all of that money for personal use.
According to the Lincoln Police Department, Davy allegedly then changed the client’s address to her own, and when the agency sent delinquent notices and/or canceled the policy, the client was not notified. This investigation began when one of her victims was notified that the payment was delinquent, the press release said, despite having paid in advance.
Davy was arrested pursuant to a $50,000 arrest warrant and transported to the South Placer Jail. She was released on bail that night.
Davy, in a prepared statement Friday, apologized to her friends and business partners and denied any wrong-doing, adding “all is not as it seems and I am looking forward to being completely vindicated in court in the near future.”
“The charges brought against me are categorically false and are a result of Kimberly Davy Insurance agreeing to place commercial clients for (another local insurance provider),” Davy said in the release.
Davy accused another local insurance provider of routinely taking illegal commissions off of clients’ policy payments and leaving them short of funds. Davy, in the prepared statement, said she filed a claim with the California Department of Insurance and severed her business relationship with the other local insurance provider.
Davy also asserts, in the prepared statement, that the other local insurance provider filed a false police report with the Lincoln Police Department claiming theft, which led to her arrest.
“I want to assure everyone that not one penny of ill-gotten gains went into the hands of anyone at Kimberly Davy Insurance,” Davy said in the prepared statement. “I have many clients in the Lincoln area and throughout California and not one of them would ever imagine any malfeasance or anything but the utmost in integrity and fidelity from my agency.”
The Lincoln News Messenger has chosen not to name the other local insurance provider until such time as the provider can be reached or official action has been taken against the provider.
Nancy Kincaid, a California Department of Insurance spokeswoman, confirmed Friday that Department of Insurance investigators were called in on the case.
“Our department has unique expertise and the largest branch is enforcement,” Kincaid said. “Our investigators were called in to provide technical and expert assistance on the case.”
Calls to the Lincoln Police Department were not returned, as of press time.