The Louisiana Department of Insurance ordered a former insurance agent to cease and desist any business as an insurance agent as a result of the agent’s alleged violations of the Louisiana Insurance Code. Herman Williams III is alleged to have misappropriated funds paid by customers, according to acting insurance Commissioner J. Robert Wooley. Williams was served with a search warrant by the Louisiana State Police Insurance Fraud Unit at the offices of Williams and Williams in Monroe, La. Insurance department records show Williams held a property and casualty insurance license from May 1999 to May 2001 and a property and casualty solicitor’s license from Nov. 1996 until May 1999. Department findings resulted in several allegations of misappropriation of premium funds, as well as issuance of bogus insurance cards.
Was this article valuable?
Here are more articles you may enjoy.
AIG’s Zaffino: Outcomes From AI Use Went From ‘Aspirational’ to ‘Beyond Expectations’ 
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
‘Structural Shift’ Occurring in California Surplus Lines 
Insurify Starts App With ChatGPT to Allow Consumers to Shop for Insurance From This Issue
