Fraud of the Week
Licensing Fraud – Louisiana
Amount – $70,000
An agent whose license had been revoked in December 2019 for failing to remit payments to an insurer on behalf of an insured has been issued a cease and desist order by the Louisiana Department of Insurance. On May 27 the department received word that the agent continued to perform duties after having had his license revoked by accepting over $70,000 in funds for a commercial indemnity policy. The department discovered that coverage was never bound and the insurer had no record of issuance of the policy number that the agent provided to the customer. The investigation is ongoing.
Christine G. Barlow, CPCU
Christine G. Barlow, CPCU, is Executive Editor of FC&S Expert Coverage Interpretation, a division of National Underwriter Company and Arc Network. Christine has over thirty years’ experience in the insurance industry, beginning as a claims adjuster then working as an underwriter and underwriting supervisor handling personal lines. Christine regularly presents and moderates webinars on a variety of topics and is an experienced presenter.