Lake Charles Insurance Agent 's Licenses Suspended for Alleged Misappropriation
of Premiums and Theft
Lake Charles - A Lake Charles insurance agent's licenses were suspended today for
misappropriation of insurance funds, forgery and theft, said Acting Insurance Commissioner
J. Robert Wooley.
Calvin Caesar, Sr., 46, business address 706 E. School Street, Lake Charles, is
accused of participating in a number of cases of insurance fraud. Louisiana State
Police West District detectives from Lake Charles made the arrest. In conjunction
with this action, Louisiana Department of Insurance fraud investigation officials
served Mr. Caesar with a Summary Suspension of his insurance licenses and a Cease
and Desist Order forbidding him from conducting any activity involving the business
Mr. Caesar, an agent for American General Insurance Company, allegedly collected
money from members of his church for insurance premiums and misappropriated portions
of the premiums that should have been deposited in the insurance company account.
He then allegedly wrote checks from church bank accounts to cover the missing monies.
The investigation leading to today's action was a cooperative effort of the Department
of Insurance and Louisiana State Police, Acting Commissioner Wooley said.
"The investigation is continuing in this case," said Wooley. "People
who bought insurance from Mr. Caesar should contact the insurance company right
away if they have not already done so," he said. "Policyholders should
find a toll-free number for the company listed on the face of the insurance policy,"
Today's arrest was the result of an insurance company audit. Charges included 168
counts of misappropriation of funds, 47 counts of forgery, and numerous counts of
"We were first alerted to Mr. Caesar's activities after he was arrested by
West District detectives in Lake Charles on July 20, 2000," Wooley said. "At
that time, he was charged with 215 counts of misappropriation of premium and 59
counts of theft over $500."
Mr. Caesar had been licensed to sell Life and Health insurance since October 28,
1983, and licensed to sell Property and Casualty insurance since May 1, 1985. Anyone
who has problems contacting the insurance company or still has insurance questions
after talking with the company should call the Department of Insurance, toll-free,
at 1-800-259-5300, for help in determining whether they really have the insurance
they paid for, Wooley said. Department phones are staffed from 8 to 5 weekdays.
Wooley said today's actions are part of a sweep being made around the state. "Insurance
fraud is a huge problem in Louisiana. Claims fraud alone in our state is estimated
at $2.3 billion a year," said Wooley. "And that does not even include
agent fraud," he added. He also noted that most insurance agents are honest