premium fraud News

Michigan Broker Gets 5 Years in $1M Fraud Case

A northern Michigan insurance broker accused of fleecing elderly clients out of more than $1 million has been sentenced to 5 years in federal prison. Prosecutors say William Lowder persuaded clients to change their investments and put money in annuities …

Northern California Business Owner Sentenced For Premium Fraud

A Northern California business owner has been sentenced for workers’ compensation insurance premium fraud and pay over $2 million in restitution to insurers, the California Department of Insurance announced on Wednesday. Teresa Reif, 34, of Redwood City, Calif., who originally …

Idaho Insurance Agent Gets Suspended Sentence

A former Farmers Insurance agent from Meridian, Idaho was sentenced to up to five years in prison after he pleaded guilty to diverting more than $3,700 in premium payments for his personal use. Fourth District Judge Thomas Neville suspended the prison …

Charges Filed Against Former Utah Insurance Agent

The Utah Insurance Department’s fraud division has filed criminal charges against former insurance agent Stewart Ian Rodgers. Rodgers has been operating under the name “SIR Insurance Group Online.” The fraud division received a complaint from a Salt Lake City car …

Profile: Workers’ Comp Fraud Expert Takes Old School Approach

When a Southern California family was convicted of workers’ compensation insurance premium fraud, it wasn’t due to sophisticated software, a supercomputer or even high-tech surveillance techniques. It was the result of good old-fashioned detective work, according to Maryann Lazernik, who …

Calif. Broker Charged With Defrauding Tom Hanks, Ex-’Police’ Musician

A Southern California insurance broker was arrested Wednesday on allegations he overcharged Tom Hanks, musician ex-Police band member Andy Summers and others hundreds of thousands of dollars for insurance premiums. Jerry B. Goldman, who was arrested at his Thousand Oaks …

Former California Agent Sentenced In Theft Case

Former insurance agent James Henry Sim, 66, of San Diego, Calif. was sentenced to a stayed term of four years and four months in state prison, the California Department of Insurance announced on Friday. Sims was taken into custody and …

Father and Daughter in Central Calif. Workers’ Comp. Fraud Must Repay Over $600K

Jerry Buffington, 69, and Cynthia Russell, 47, have pled guilty in Kern County Superior Court to one count each of workers’ compensation insurance premium fraud and eight counts each of tax evasion and were ordered to pay restitution to California’s …

Jones Announces Joint Effort to Fight California’s ‘Underground Economy’

The California Department of Insurance (CDI) is joining with the Department of Industrial Relations (DIR) and other agencies to fight labor law and insurance-related violations in an “underground economy.” The collaboration was announced on Thursday by Insurance Commissioner Dave Jones. …

Ex-Insurance Agent in Pennsylvania Sentenced for Fraud

A former northeastern Pennsylvania insurance executive has been sentenced to 5 1/2 to 16 1/2 years in state prison in what prosecutors said was a pyramid scheme worth at least $7 million. Brian Murray, 68, former head of Murray Insurance …