North Carolina Insurance Commissioner Mike Causey today announced the arrest of Kendra Yvette Shannonhouse, 36, of 3421 Lloyd Corey Road, Stokes. Shannonhouse was charged with felony insurance fraud, felony obtaining property by false pretense, and misdemeanor common law forgery.
Special Agents with the Department of Insurance’s Criminal Investigations Division accuse Shannonhouse of having a false lien release letter notarized and presenting it to Geico Indemnity Co. to obtain an auto insurance payment, knowing that she still owed $7,609.21 on a 2008 Nissan Altima.
The offenses occurred between May 5, 2019, and Sept. 26, 2019.
Shannonhouse was arrested on Jan. 27 and released on a $7,500 unsecured bond.
Commissioner Causey estimates fraud costs North Carolinians between 15 and 20 cents on every dollar paid on insurance premiums, maybe more. That’s why he has cracked down on this white-collar crime by boosting the NCDOI Criminal Investigations Division.
Over the past two years, CID Special Agents recovered $7.5 million in criminal activities – money that was returned to consumers and insurance companies. The restitution also helps preserve insurance rates.
To report suspected fraud, contact the N.C. Department of Insurance Criminal Investigations Division at 919-807-6840. Callers may remain anonymous. Information is also available at www.ncdoi.gov.