Craggett v. Adell Insurance Agency

Donald C. Nugent, Judge.

Plaintiff-appellant, Daisy L. Craggett, appeals from the trial court’s grant of defendant-appellee Adell Insurance Agency’s (“AIA’s”) motion for summary judgment.

Craggett alleged that agents Harry Adell and Jerome Abraham, without her knowledge or consent, used monies accumulated in her annuity policy to purchase additional policies of insurance based on the lives of her son and grandchildren, thereby depleting the value of the annuity policy. Craggett claimed that Adell and Abraham knew she had purchased the annuity to provide her with an income upon her retirement…