Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Home Depot Breach Tied to Bank Account Fraud, Reports WSJ
Sep 23 2014 // Home Depot Inc.’s data breach, which put about 56 million payment cards at risk, has fed fraudulent transactions that in some cases have drained money from customer bank accounts, the Wall Street Journal...
Oklahoma Man Drives Truck into Lake, Gets Charged with Insurance Fraud
Sep 23 2014 // Oklahoma Attorney General Scott Pruitt has filed insurance fraud charges against Brian Troutman for falsely submitting a claim for the loss of his vehicle. According to the AG’s office, a fraud unit investigation...
Berkshire Hathaway Specialty Enters Fidelity & Crime Market; Names AIG’s O’Neill
Sep 23 2014 // Berkshire Hathaway Specialty Insurance (BHSI) said it is entering the fidelity and crime insurance market, and has named Brian O’Neill to lead the effort. O’Neill joins BHSI with 30 years of fidelity and crime...
Maryland County Public Schools CFO Suspended for Insurance Fraud
Sep 23 2014 // The chief financial officer for Prince George’s County public schools in Maryland has been placed on administrative leave after the Maryland Insurance Administration found he had committed insurance fraud. A school...
Nursing Home Neglect Trial Challenges Shell Company Transfers
Sep 23 2014 // Juanita Jackson died in July 2003, five weeks after she was removed from a Florida nursing home where her family said continual neglect led to multiple bedsores, malnutrition and a fall that injured her head. Trying to...
AG Holder Seeks Tools to Prosecute Executives for White Collar Crimes
Sep 22 2014 // U.S. Attorney General Eric Holder last Wednesday called for Congress to take steps to help prosecutors build criminal cases against senior Wall Street executives, saying companies often insulated their leaders from...
E&O Insights: How Well Do You Know Your Workers’ Compensation Risk?
Sep 22 2014 // The workers’ compensation class of business results in upwards of 10 percent of all errors and omissions (E&O) claims every year. While this may not seem like a lot, it is a class agents must be sensitive to for...
Fighting Cybercrime
Sep 22 2014 // HSB, a specialty insurer that is part of Munich Re, along with Trail of Bits, a New York cybersecurity firm, recently presented a “Hacker Lab” to provide risk mitigation resources for small business owners. The...
Texas Pickup Trucks Stolen the Most: NICB Report
Sep 22 2014 // Pickup trucks may not be the “official vehicle” of the state of Texas, but if the state had one, the truck would certainly be in the running for official status. Besides being popular with drivers in Texas,...
Michigan Panel: Special Authority Needed to Target Car Insurance Fraud
Sep 19 2014 // Michigan should create a special authority devoted to targeting auto insurance fraud and require insurers to more frequently send electronic verification of drivers’ insurance to the state, a task force...
Workers’ Comp Fraud Charges Filed on Utah Man
Sep 19 2014 // A Utah man who suffered a knee injury while working at the Montana State Prison is charged with defrauding the state worker’s compensation fund by collecting total disability benefits while running a construction...
Insurance Will Absorb Some Costs in Home Depot’s Giant Privacy Breach
Sep 19 2014 // Home Depot Inc. Thursday said some 56 million payment cards were likely compromised in a cyberattack at its stores, suggesting the hacking attack at the home improvement chain was larger than last year’s...
Fraud Costs Michigan Drivers $220M a Year
Sep 18 2014 // Auto insurance fraud costs Michigan drivers more than $220 million a year, Secretary of State Ruth Johnson announced while unveiling a set of 17 legislative and regulatory anti-fraud recommendations offered by the Fighting...
Texas Man Sentenced for Workers’ Comp Fraud
Sep 18 2014 // Texas Mutual Insurance Co. reported that a Travis County district court sentenced Rodney Williams of Seabrook, Texas, for workers’ compensation fraud-related charges. The court sentenced Williams to deferred...
North Carolina Claims Rep, Wife Accused of Insurance Fraud
Sep 18 2014 // North Carolina insurance officials have accused a Charlotte man of issuing what is described as unauthorized claim checks and funneling the money into his wife’s bank account. The N.C. Department of Insurance says...
Nightclub Insurer Owner in Maryland Charged in $100M Policyholder Fraud
Sep 18 2014 // The owner of a Maryland-based insurer faces fraud charges for inflating the ratings of his company to win business, according to an indictment which seeks to recover more than $100 million in premiums his clients...
$3M Auto Insurance Fraud Scheme in Texas Leads to Prison Time
Sep 17 2014 // Two Bryan, Texas, men have been sentenced for their roles in a scheme that authorities say defrauded insurance companies of more than $3 million. Earlie Dickerson, a former office manager, was sentenced in Houston federal...
Texas Pickup Trucks Stolen the Most: NICB Report
Sep 16 2014 // Pickup trucks have become a favorite target by vehicle thieves according to a new report released by the National Insurance Crime Bureau (NICB). Between Jan. 1, 2010 and Dec. 31, 2013, 9,441 pickup trucks were reported...
Attorney for Former Oklahoma Insurance Commissioner Accused of Fraud
Sep 15 2014 // An attorney has filed a lawsuit against an Enid, Okla., lawyer, accusing him of fraudulent activities in a case over unpaid legal fees involving former Oklahoma Insurance Commissioner Carroll Fisher. Enid attorney Stephen...
How Cybercriminals Attack Small Businesses – and 10 Ways to Stop Them
Sep 15 2014 // At a recent “Hacker Lab” event, “white hat” hackers revealed how cybercriminals work — and what businesses can do to protect themselves. The multimedia presentation used a simulated small business...
