New Orleans insurance agents issued
C&D and summary
suspension orders, Commissioner Donelon announces
Released: February 1, 2007
Two New Orleans insurance agents were served today with cease and desist and summary
suspension orders after both pled guilty to extortion of a public official.
Glenn Michael Davis, 53, and Charles G. Swanson, 61, were both issued a c&d
and summary suspension order after pleading guilty to extortion charges in federal
court as part of a plea deal with the government in December 2006. Both had previously
denied charges of paying kickbacks to a key school official in exchange for lucrative
insurance contracts. Davis was also charged with tax evasion. Both men remain free
on bond and sentencing is set for March 29, 2007.
Department records show that Davis was issued a life & health license in May
1976 and a property & casualty license in September 1976, both suspended in
todays action. He is listed as president, secretary and sole owner of Century
Insurance Agency, Inc. in New Orleans. Century Insurance Agency, Inc. was also served
with C&D and summary suspension of all agency licenses.
Records show that Swanson held a life and health license from January 1975 until
May 2006, a property and casualty license from August 1986 until May 2005 and an
Auto Club license from January 1991 until todays action. He is listed as secretary,
treasurer and sole owner of American Capital Enterprises in the New Orleans and
Amite areas, as well as president and sole owner of Key Independent Agency, Inc.
in New Orleans. Both of these agencies were also served with c&d and summary
suspensions of all licenses.
Commissioner Donelon urges consumers who have any questions or concerns regarding
policies sold or serviced by either agent to call the Department of Insurance Fraud
Section at 225-342-4956 or 1-800-259-5300. If callers dont want their names
used, they can request that their involvement be kept confidential.