For Consumers

Renton woman charged in connection with jewelry insurance fraud

Stephanie Snider filed two bogus claims for same diamond ring

Contact Public Affairs: 360-725-7055

August 8, 2018

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OLYMPIA, Wash. – Stephanie Pepper Snider, 42, of Renton, pleaded not guilty in King County Superior Court on Aug. 6 to one charge of first-degree theft and two counts of filing a fraudulent insurance claim involving a diamond ring. The charges were filed after an investigation by Insurance Commissioner Mike Kreidler’s Criminal Investigations Unit (CIU).

According to the investigation, Snider filed a claim with State Farm Insurance in August 2016 for a 2-carat diamond ring she said she lost the day before. State Farm paid Snider $10,617 for the ring. In June 2017, Snider filed a claim with Allstate Insurance for the same ring, stating it had been stolen from her apartment. 

When Allstate questioned Snider about the State Farm claim, she said she not aware of the claim or payment. Allstate denied the claim and referred the case to Kreidler’s CIU. 

In April 2018, Kreidler’s investigators interviewed Snider’s former fiance, who had purchased the ring. He showed investigators the ring, receipt, diamond certificate and a photo of Snider wearing the ring in October 2016, after State Farm paid her more than $10,000 for the ring. The man said he was not aware that Snider had filed the 2016 claim with State Farm. 

Kreidler’s CIU investigates insurance fraud and works with the state Attorney General’s Office and local prosecutors on criminal cases. Insurance fraud costs the average family $400 to $700 per year in increased premiums. Insurance companies are required by law to report fraud to the commissioner. Consumers can report suspected insurance fraud on the insurance commissioner’s website.