Insurance Journal » premium fraud http://www.insurancejournal.com Insurance Journal delivers the latest business news for the Property/Casualty insurance industry Fri, 18 Apr 2014 01:58:11 +0000 en-US hourly 1 http://wordpress.org/?v=3.8.2 Michigan Broker Gets 5 Years in $1M Fraud Case http://www.insurancejournal.com/news/midwest/2013/05/31/293996.htm Fri, 31 May 2013 16:31:28 +0000 http://www.insurancejournal.com/?p=293996 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 …

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Northern California Business Owner Sentenced For Premium Fraud http://www.insurancejournal.com/news/west/2013/02/27/283004.htm Wed, 27 Feb 2013 19:48:37 +0000 http://www.insurancejournal.com/?p=283004 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 …

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Idaho Insurance Agent Gets Suspended Sentence http://www.insurancejournal.com/news/west/2013/02/06/280270.htm Wed, 06 Feb 2013 17:06:08 +0000 http://www.insurancejournal.com/?p=280270 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 …

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Charges Filed Against Former Utah Insurance Agent http://www.insurancejournal.com/news/west/2012/12/20/274923.htm Thu, 20 Dec 2012 22:56:20 +0000 http://www.insurancejournal.com/?p=274923 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 …

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Profile: Workers’ Comp Fraud Expert Takes Old School Approach http://www.insurancejournal.com/news/west/2012/12/12/273777.htm Wed, 12 Dec 2012 21:39:20 +0000 http://www.insurancejournal.com/?p=273777 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 …

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Calif. Broker Charged With Defrauding Tom Hanks, Ex-’Police’ Musician http://www.insurancejournal.com/news/west/2012/11/07/269851.htm Wed, 07 Nov 2012 22:10:44 +0000 http://www.insurancejournal.com/?p=269851 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 …

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Former California Agent Sentenced In Theft Case http://www.insurancejournal.com/news/west/2012/10/26/268205.htm Fri, 26 Oct 2012 23:05:35 +0000 http://www.insurancejournal.com/?p=268205 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 …

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Father and Daughter in Central Calif. Workers’ Comp. Fraud Must Repay Over $600K http://www.insurancejournal.com/news/west/2012/10/05/265656.htm Fri, 05 Oct 2012 16:09:28 +0000 http://www.insurancejournal.com/?p=265656 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 …

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Jones Announces Joint Effort to Fight California’s ‘Underground Economy’ http://www.insurancejournal.com/news/west/2011/12/29/229114.htm Fri, 30 Dec 2011 00:25:51 +0000 http://www.insurancejournal.com/?p=229114 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. …

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Ex-Insurance Agent in Pennsylvania Sentenced for Fraud http://www.insurancejournal.com/news/east/2011/09/21/216712.htm Wed, 21 Sep 2011 13:11:48 +0000 http://www.insurancejournal.com/?p=216712 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 …

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Georgia Insurance Agent Sentenced for Insurance Fraud http://www.insurancejournal.com/news/southeast/2011/05/26/199963.htm Thu, 26 May 2011 10:00:46 +0000 http://www.insurancejournal.com/?p=199963 A Georgia insurance agent who took premiums from a nonprofit pleaded guilty in Bibb County Superior Court to one count of insurance fraud. Broadus W. Marshall Jr. of Macon was sentenced  to 10 years of probation, 500 hours of community …

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Pittsburgh Agency Shut for Alleged Premium Fraud http://www.insurancejournal.com/news/east/2011/02/22/187437.htm Tue, 22 Feb 2011 13:44:24 +0000 http://www.insurancejournal.com/?p=187437 The Pennsylvania Insurance Department has shut down Pittsburgh-based Morry Hoffman Agency Inc. for allegedly misappropriating $1 million in premiums. The agency wrote commercial policies for restaurants including liquor liability coverage. Within a two-year timeframe, the department discovered that the agency …

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Florida Suspends Lake Worth Agent’s License http://www.insurancejournal.com/news/southeast/2011/01/19/181061.htm Wed, 19 Jan 2011 19:14:34 +0000 http://www.insurancejournal.com/?p=181061 A Lake Worth, Fla. insurance agent’s license has been suspended after he allegedly misappropriated automobile insurance premiums and issued bogus insurance identification cards to consumers. Hector Marcano, owner of American Dream Insurance Services, allegedly misappropriated automobile insurance premium funds from …

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