A New Orleans area insurance agent has been served with a civil fine notice and license suspension for allegedly filing a fraudulent stolen vehicle claim with his insurer, the Louisiana Department of Insurance reported.
Robert Sheard, 60, was served by Department of Insurance Fraud Section Investigators with a $1,000 civil fine notice and suspension of his license for six months, effective today. Sheard is alleged to have intentionally filed a fraudulent stolen vehicle claim with his vehicle’s insurer.
Department records show that Sheard held a Vehicle Physical Damage and Property license since August 1995 and a Casualty license since August 2005, until the current action.
Source: Louisiana Department of Insurance,
Was this article valuable?
Here are more articles you may enjoy.
Capital Factory CEO Killed in Private-Jet Crash in Texas 
Older, Wealthier Renters Drive Changes in Insurance Needs 
Wanted: War-Zone Divers to Scrape Barnacles From Ships in Persian Gulf 
California Homeowners Insurance Costs Still 41% Below National Average, Report Shows 
