Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Report: Questionable Insurance Claims Increased 12%
Dec 30 2010 // The economic crisis might have had a hand in pushing people to commit insurance fraud. However, it isn’t entirely to blame, according to the National Insurance Crime Bureau. Nationwide, there has been a 12 percent...
BIS Launches Lenders Misrepresentation Insurance
Dec 29 2010 // Bakerjian Insurance Services (BIS) has launched of a new insurance product designed to protect lenders against potential damage from repurchase demands. Called Lenders Misrepresentation Insurance (LMI), the policy...
Allstate Sues More New York Medical Firms
Dec 29 2010 // Allstate has filed its seventh lawsuit this year against what it says are medical corporations committing fraud in New York State. The $1.9 million suit claims that three medical corporations in the state were owned and...
Ohio Insurance Director Warns of Catalytic Converter Thefts
Dec 22 2010 // Ohio Department of Insurance Director Mary Jo Hudson has issued a warning about a recent rash of catalytic converter thefts in Columbus and is encouraging automobile owners to take steps to protect themselves from becoming...
Ohio Businessman Sentenced for Theft and Workers’ Comp Fraud
Dec 22 2010 // A Pickaway County medical equipment supplier was sentenced in early December on charges of theft and workers’ compensation fraud. Marcus Brown, owner of Acme Elevator, located in Circleville, was convicted in...
New York Suit Accuses Ernst & Young of Hiding Lehman Troubles
Dec 22 2010 // Accounting firm Ernst & Young was sued by New York prosecutors over allegations it helped to hide Lehman Brothers’ financial problems, in the first major government legal action stemming from the Wall Street...
Feds Pursuing Fraud Charges Against Oil Spill Claimants in 5 States
Dec 21 2010 // A woman was indicted last week in the Eastern District of Louisiana for allegedly filing fraudulent claims for compensation due to the Deepwater Horizon oil spill. Four other individuals were also charged last week in...
Lexington, National Equipment Register Fight Equipment Theft
Dec 20 2010 // Lexington Insurance Co., a Chartis company, announced an agreement with National Equipment Register (NER), which will help Lexington’s contractor equipment policyholders protect their construction equipment from...
Honda Civics Top List of Canada’s 10 Most Stolen Cars
Dec 20 2010 // The Insurance Bureau of Canada (IBC) recently released its annual list of the most frequently stolen vehicles, as follows: 1. 2000 Honda Civic SiR 2-door 2. 1999 Honda Civic SiR 2-door 3. 2002 Cadillac Escalade 4-door...
Property, Violent Crimes Decline in U.S. in First Half 2010: FBI
Dec 20 2010 // The nation experienced a 6.2 percent decrease in the number of violent crimes and a 2.8 percent decline in the number of property crimes from January to June 2010. Arson, motor vehicle theft, larceny-theft fell and...
Washington Man Pleads Guilty to Insurance Fraud
Dec 17 2010 // A Lynnwood, Wash., man who claimed that thieves had repeatedly made off with his collection of more than 200 silk neckties has paid back more than $33,000 and pleaded guilty to two counts of making a false insurance...
Georgia Insurers, Incoming Commissioner Plan Fraud Crackdown
Dec 17 2010 // Georgia’s insurance industry is teaming up with state authorities to launch an ambitious effort to crack down on the rising number of insurance fraud cases. Incoming Insurance Commissioner Ralph Hudgens, who takes...
Suspicious Claims Rose 12% in Q3, Insurers Report
Dec 16 2010 // Questionable property/casualty insurance claims rose 12 percent in the third quarter over last year, according to the latest reports from insurance companies. Through the third quarter of 2010, the National Insurance Crime...
Former Ohio Clinical Counselor Pleads Guilty to Insurance Fraud
Dec 15 2010 // A former clinical counselor in the Finlay, Ohio-area has pled guilty to insurance fraud. Authorities say John Blain Frankenburg, also known as Blain J. Frankenburg, fraudulently billed two insurance companies more than...
Federal Tax Case Leads to Workers’ Comp Fraud Charges in New York
Dec 15 2010 // A federal tax fraud case against a Bronx tax preparer touched off a workers’ comp fraud case against the woman who is now charged with wrongly collecting over $135,000 in benefits, officials said. Rosa Rivera has...
Insurance Receivers, Asset Recovery Groups Partner on Credentials
Dec 14 2010 // Two insurance groups are joining to improve the skills of those helping troubled insurers recover assets and those going after people who defraud insurance companies. Members of the International Association of Insurance...
Louisiana Inmate Charged with Insurance Fraud, Felony Theft
Dec 10 2010 // A man already convicted for a previous criminal offense in Louisiana has additionally been charged with insurance fraud and felony theft. Louisiana State Police detectives with the Insurance Fraud/Auto Theft Unit say...
Two Charged in 6-Year Fraud Scheme Against Insurance Agent Group, MDRT
Dec 6 2010 // Bond has been set at $1 million for two Illinois men charged with bilking an insurance industry association out of more than $1 million in a scheme that spanned six years, officials said. The allegations involve an...
Four Plead Not Guilty in High Profile Insurance Fraud Case in R.I.
Dec 5 2010 // Four people pleaded not guilty last month in U.S. District Court in an alleged scheme to rip off an insurance company of nearly $50,000, including a former North Providence town councilman facing corruption charges in a...
Dodd-Frank Whistleblower Provisions Create Concerns, Coverage Issues
Dec 5 2010 // Coverage Gaps Possible With Rise in Whistleblower Claim Among the many innovations introduced in the massive Dodd-Frank Wall Street Reform and Consumer Protection Act enacted this past July are the new whistleblower...
