Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Plastics Industry Also at Risk for Metal Theft in UK: MMA Insurance
Oct 19 2011 // The plastics industry is now a target for the growing market of metal theft, according to one UK insurer. MMA Insurance is warning that the plastics sector is now at risk as thieves are now targeting the brass tooling and...
Global Retail Theft Up 6.6% in Past Year
Oct 19 2011 // Shoplifting, employee theft and organized crime cost the global retail industry $119 billion in the 12 months ended in June, up 6.6 percent from a year earlier, according to survey results released Tuesday. A sluggish...
Predictive Analytics Being Used to Manage Agencies, Curb Fraud
Oct 17 2011 // Earlier this year, experts at WallStreet & Technology (wallstreetandtech.com) identified predictive analytics and cloud computing as two of six hot technologies that will transform the insurance industry in 2011 and...
One Frustrated Florida County Decides to Tackle Auto Insurance Fraud On Its Own
Oct 17 2011 // One county in Florida has decided not to wait on state lawmakers’ promise to address the insurance fraud and fix the state’s automobile no-fault law. It has passed its own ordinance to crack down on fraudulent...
New York Officially Combines Regulatory Agencies
Oct 17 2011 // New York Department of Financial Services, the new department that combines the state’s insurance and banking regulators, was officially launched on Monday, Oct. 3. Financial Services Superintendent Benjamin Lawsky...
Ex-FEMA Employee Offered Plea Deal in Katrina Fraud Case
Oct 13 2011 // A former FEMA employee has been offered a plea deal that would resolve charges he helped a government contractor fraudulently obtain a $100 million contract for maintaining thousands of government-issued shelters in...
In Few Years, Social Network Data May Be Used in Underwriting
Oct 13 2011 // The insurance industry is paying increasing attention to what people and businesses post on social networking sites like Facebook, Twitter and LinkedIn. Already, scouring Facebook and other social network pages of the...
Court Delays Sentencing in Rhode Island Insurance Fraud Case
Oct 7 2011 // A federal judge has delayed the sentencing date for the only defendant waiting to learn his punishment for his role in a $40,000 home insurance fraud case in Rhode Island. The sentencing hearing for Vincent DiPaolo was...
Texas Insurer in New York Boat Accident Pleads Guilty to Fraud
Oct 7 2011 // A Houston man has pleaded guilty to a charge related to selling fraudulent insurance policies, including one to a company that owned a tour boat which capsized in a New York lake in 2005, killing 20 tourists. Federal...
Northern California Insurance Fraud Ring Busted
Oct 5 2011 // Multiple suspects in an insurance fraud ring have been arrested as a result of indictments handed down by a Contra Costa County Grand Jury, it was announced on Wednesday. The arrests are a result of a two-year...
California D.A.s Get $23M in Grants to Battle Auto Insurance Fraud
Oct 4 2011 // Maria Ramirez’ job heading the battle against automobile fraud in the state’s most populous county is tough enough. But her division is “operating on fumes” amid a rise in that type of crime and...
Mass. Businessman Charged with Filing False Claims, Stealing $40K
Oct 4 2011 // A Waltham, Mass., businessman who is alleged to have stolen nearly $10,000 with his insurance fraud and another $30,000 in a separate unemployment fraud scheme is scheduled to appear in court this week. In mid-August, John...
Insurance Agency Founder Sentenced for Fraud in D.C.
Oct 4 2011 // An insurance agency founder was recently placed on four years of supervised release and fined $10,000 in Washington, D.C., after earlier pleading guilty to insurance fraud, according to officials. Washington, D.C.,...
New York Officially Launches Financial Services Department
Oct 3 2011 // New York Department of Financial Services, the new department that combines the state’s insurance and banking regulators, was officially launched on Monday, Oct. 3. Financial Services Superintendent Benjamin Lawsky...
Cross Border Claims Frustrate Auto Carriers
Oct 3 2011 // Staged automobile accidents in Canada’s most populated province of Ontario pose a unique problem for American auto insurers that must deal with Ontario’s stringent no-fault benefits. Some U.S.-based adjusters...
Texas Man Sentenced to 60 Years for $100M Insurance Fraud
Sep 30 2011 // After hearing tearful testimony from several people whose life savings were stolen, a federal judge in Virginia sentenced a former Texas businessman to 60 years in prison for his role in a $100 million life insurance scam...
N.Y. Official Says Alleged Insurance Scam Artist Caught
Sep 29 2011 // New York Attorney General Eric Schneiderman announced the arrest of an alleged scam artist, Arthur Bogoraz, who officials contend devised a massive scheme to defraud insurance companies out of millions of dollars. Bogoraz...
Judge Narrows $1B Madoff Case vs. N.Y. Mets Owners
Sep 28 2011 // A federal judge narrowed a $1 billion lawsuit against owners of the New York Mets baseball team by the trustee seeking money for Bernard Madoff’s victims, and cast skepticism on how much might ultimately be...
One Frustrated Florida County Tackles Auto Insurance Fraud On Its Own
Sep 27 2011 // One county in Florida has decided not to wait on state lawmakers’ promise to address the insurance fraud and fix the state’s automobile no-fault law. It has passed its own ordinance to crack down on fraudulent...
Louisiana Agent Arrested for Alleged Insurance Fraud
Sep 27 2011 // A Metairie, La., insurance agent has been arrested for insurance fraud, state officials say. The Louisiana State Police Insurance Fraud/Auto Theft Unit arrested Angela Bodenheimer, 49, on one count of insurance fraud, the...
