Insurance Exec On Leave After DUI
September 14th, 10An insurance executive is now on suspension after being charged with a DUI for driving under the influence. Louis Lower, who’s been at the head of Horace Mann Educators, Corp since 2000, received a 60-day sentence last week according to the Wall Street Journal. Lower received a misdemeanor count of driving under the influence and causing property damage or personal injury, according to records uncovered by The Wall Street Journal.
Horace Mann sells car, home and life insurance policies to primary and secondary school teachers. The company’s board members called a meeting once they were alerted to the charges. The crash happened in Vero Beach, Florida and Lower is scheduled to be released from jail on October 26, the Wall Street Journal reports.
The executive is expected to return to his job in late fall. Meanwhile, Chief Financial Officer Peter Heckman will serve as interim chief executive. “There are no excuses to offer other than a lapse of personal character for which I take full responsibility,” Mr. Lower said in a statement released Monday, according to The Wall Street Journal.
Tags: Horace Mann Educators Corp, Auto Insurance, Chief Financial Officer, The Wall Street Journal, Driving under the influence
