Department of Insurance issues cease-and-desist orders
Plaquemine Post South (LA)
The Louisiana Department of Insurance issued cease-and-desist orders and license suspensions against two insurance producers, including one in Ascension Parish, for violations of the Louisiana Insurance Code.
According to a news release, LDI issued an order and license suspension March 11 to Kim Marie Holmes for alleged insurance fraud.
Holmes was issued an arrest warrant in Ascension Parish on March 3 and charged with insurance fraud for reportedly attempting to defraud an insurance company for more than $15,900.
According to the release, an investigation by Louisiana State Police found Holmes made material misrepresentations on her renters insurance policy following Hurricane Ida by greatly inflating the price of items claimed as damaged or never purchasing items claimed as damaged from the places reported in the claim.
Also, on March 21, the LDI issued a cease-and-desist order and license suspension to Andrea R. Ceballos for alleged theft of property. Ceballos was arrested in Arkansas and charged with the theft of about $13,000 from the insurance agency where she worked as a producer. Although she is a resident and producer in Arkansas, Ceballos held a non-resident license in Louisiana.
Rep. Graves introduces legislation on rising flood insurance rates
$400 auto insurance refunds expected by May 9
Advisor News
- The McEwen Group Merges with Prairie Wealth Advisors to Form Billion Dollar RIA
- Guaranteed income streams help preserve assets later in retirement
- Economic pressures make boomerang living the new normal
- Pay or Die: The scare tactics behind LA County’s Measure ER tax increase
- How to listen to what your client isn’t saying
More Advisor NewsAnnuity News
- Guaranteed income streams help preserve assets later in retirement
- MassMutual turns 175, Marking Generations of Delivering on its Commitments
- ALIRT Insurance Research: U.S. Life Insurance Industry In Transition
- My Annuity Store Launches a Free AI Annuity Research Assistant Trained on 146 Carrier Brochures and Live Annuity Rates
- Ameritas settles with Navy vet in lawsuit over disputed annuity sale
More Annuity NewsHealth/Employee Benefits News
- Entities turn to Effingham County for help in providing services, benefits
- You are paying for the health care of low-wage Walmart employees. Here is why | Opinion
- Samsung Bioepis Launches Ustekinumab Biosimilar, Marking Its First Product Launch in Japan
- Brown University School of Public Health Reports Findings in Managed Care (Exposure to the new Medicare Advantage risk adjustment model varies across insurers): Managed Care
- State lowers cap on some patient health care cost increases
More Health/Employee Benefits NewsLife Insurance News
- AM Best Upgrades Issuer Credit Rating of Southern Farm Bureau Life Insurance Company
- Industry Innovator Scores New High-Water Mark: Reliance Matrix Logs 8 Millionth Employee Benefit/Absence Claim
- $150M+ asset sale payout distributed to Greg Lindberg policyholders
- Best’s Market Segment Report: AM Best Revises Outlook on France’s Non-Life Insurance Segment to Stable from Negative, Reflecting Top-line Growth, Technical Profitability
- Pacific Life Launches New Flagship Variable Universal Life Insurance Product
More Life Insurance News