Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Ex-General Re, AIG Execs May Settle Criminal Case
May 29 2012 // Four former executives at Berkshire Hathaway Inc.’s General Re Corp. and one at American International Group Inc. are in talks to settle a long-running criminal case accusing them of engineering a reinsurance...
Bexar County, Texas, Gets Special Insurance Fraud Prosecutor
May 25 2012 // The Texas Department of Insurance (TDI) has expanded its fight against insurance fraud into San Antonio. TDI Commissioner Eleanor Kitzman has announced the placement of a special insurance fraud prosecutor and investigator...
Court Upholds Mississippi Man’s 37-Month Sentence for Insurance Fraud
May 25 2012 // A federal appeals court has upheld the 37-month sentence handed to a Mississippi man convicted of defrauding a Memphis insurance company. The Commercial Appeals reported that a three-judge panel of the 6th U.S. Circuit...
Fraud Charges Against Former Louisiana Sheriff Candidate Dropped
May 24 2012 // Charges against former St. Helena Parish, La., sheriff candidate Frederick D. Bell of Kentwood for alleged insurance fraud and theft have been rejected by the district attorney’s office. Assistant District Attorney...
Ohio Restaurant Owner Convicted of Insurance Fraud
May 24 2012 // A southwest Ohio restaurant owner has been convicted of insurance fraud for two reported break-ins that authorities say were staged. Forty-four-year-old Eva Christian could face up to 17 years in prison when sentenced June...
‘Key Figure’ in Organized Auto Insurance Fraud Ring Nabbed
May 22 2012 // Teddy Marks, 41, of Morgan Hill, Calif., who the California Department of Insurance is calling a “key figure” in an organized auto insurance fraud ring, has been arrested on two felony counts of insurance fraud...
ACE Private Risk Adds Identity Protection Services to High-Net Worth Program
May 21 2012 // ACE Private Risk Services, the high net worth personal insurance business of the ACE Group, has launched personal identity protection services to help clients guard against and recover from identity fraud, as well as...
N.Y. to Boot Crooked, ‘Dirty Doctors’ From No-Fault Insurance
May 21 2012 // Insurance regulators plan to start kicking crooked doctors out of New York’s no-fault program next month, calling them linchpins in fake-accident scams that cost insurers and ultimately policyholders hundreds of...
Tennessee Cracks Down on Roofing Contractor Fraud
May 21 2012 // Roofing contractors operating in Tennessee will have to provide residents whose homes are damaged due to tornadoes and other storms with more information about their company and about their rights to cancel contracts under...
UK’s ABI Warns Metal Theft Crime Wave Costs Insurers over $1.6 Million a Week
May 21 2012 // “The victims of the UK’s metal theft crime wave are now being paid out over £1 million [$1.58 million] every week by insurers,” according to the Association of British Insurers. Thieves are making off...
N.Y. Proposes New Rule to Fight No-Fault Fraud
May 21 2012 // New York State regulators are expanding their effort to stop no-fault auto insurance fraud. The New York Department of Financial Services announced a draft regulation, Regulation 68, that would make it easier for insurers...
Controlling Costs by Curtailing Workers’ Comp Fraud
May 21 2012 // While most workers’ compensation claims stem from real instances of on-the-job injuries, there are, unfortunately, people who cheat the system, driving up costs for employers, consumers and insurers. According to the...
Hawaii Lawmakers Pass 3 Cybercrime Measures
May 21 2012 // Hawaii lawmakers have approved a trio of bills aimed at preventing cybercrimes. The bills offer law enforcement and prosecutors more tools to charge and penalize those who use computers to commit crimes. One bill allows...
N.J. Police Chief Is Convicted of Insurance Fraud, Faces Prison Term
May 18 2012 // Hackensack Police Chief Ken Zisa faces up to 45 years in prison after a jury convicted him of insurance fraud and official misconduct. After deliberating three days, the panel on Wednesday found Zisa filed a false...
EEOC Updates Best Practices for Using Criminal Records in Hiring
May 17 2012 // Recognizing that technology has changed hiring procedures and also that more people are coming in contact with the criminal justice system, the federal government has updated its guidelines for employers who use arrest and...
AIG Ex-CEO Greenberg Fights Ruling on Reinsurance Fraud Charges
May 15 2012 // Former American International Group Inc. Chief Executive Maurice “Hank” Greenberg said New York’s attorney general should be barred from invoking a 91-year-old state law in a fraud case over two suspect...
New Law in Oklahoma Toughens Penalties for Insurance Fraud
May 14 2012 // A bill recently passed and signed by the governor toughens the penalties for insurance fraud, state officials say. Senate Bill 1439, requested by Oklahoma Insurance Commissioner John D. Doak, is expected to save taxpayers...
Judge to Insurer: Pay Legal Fees in Pending Insider Trading Fraud Case
May 11 2012 // A federal judge said during a court hearing in New York on Thursday he is prepared to order an insurance company to keep paying the legal fees of several former hedge fund managers and traders caught up in an insider...
Officials Strengthen Insurance Fraud Prosecution in Southeast Texas
May 10 2012 // Southeast Texas has a new team dedicated to fighting insurance fraud. Texas Department of Insurance (TDI) Commissioner Eleanor Kitzman and Harris County District Attorney Patricia Lykos announced that the Harris County...
Miami Boat Captain Charged with Insurance Fraud Over Sinking of $1.8M Yacht
May 10 2012 // A Miami boat captain has been arrested on a first-degree grand theft charge for allegedly sinking a $1.86 million yacht in 2009 off the Bahamas. Florida Chief Financial Officer Jeff Atwater announced the arrest of Robert...
