Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Post Office Says System Worked; No Florida Citizens Insurance Mail Lost
Jul 7 2010 // Florida’s Citizens Property Insurance might not be missing any mail or checks from customers after all, although the insurer can’t be 100 percent certain. Insurance Journal and other media reported yesterday...
New Jersey Bill Targets Vehicles Registered Out of State
Jul 6 2010 // New Jersey is taking aim at residents who fraudulently register their vehicles or obtain auto insurance in other states. The Assembly recently passed a measure that makes so-called “reverse rate evasion” a form...
It’s Nothing Personal … Just Business!
Jul 5 2010 // Businesses Accounts Are Vulnerable When It Comes to Financial Computer Fraud People use the phrase “it’s nothing personal, just business” all the time. It covers a wide range of topics and situations. If...
It’s Nothing Personal … Just Business
Jul 5 2010 // Businesses Accounts Are Vulnerable When It Comes to Financial Computer Fraud People use the phrase “it’s nothing personal, just business” all the time. It covers a wide range of topics and situations. If...
The Ethics of Stealing Business From Competitors
Jul 5 2010 // You are on an airplane and you strike up a conversation with the person next to you. She is the decision-maker of a company that buys your competitor’s products. You have such a great exchange that she asks for your...
4 in North Carolina Arrested on Auto Insurance Fraud Charges
Jul 1 2010 // Four people have been arrested in North Carolina for their alleged involvement in a series of automobile insurance fraud schemes worth more than $9,000, according to state officials. Insurance Commissioner Wayne Goodwin...
California Violent Crime Rate Falls for Third Consecutive Year
Jun 28 2010 // California’s violent crime rate has declined 6.6 percent in the past year, according to the California Department of Justice’s annual crime report for 2009, recently released by Attorney General Edmund G. Brown...
Federal Judge Approves $72M Insurance Settlement with The Hartford
Jun 16 2010 // A federal judge has given preliminary approval to a settlement under which The Hartford Financial Services Group Inc. will pay $72.5 million to more than 21,000 people nationwide who alleged the insurer engaged in fraud in...
Lawyer for Alleged Ponzi Schemer Stanford Accused of Insurance Fraud
Jun 15 2010 // The judge handling the criminal case against accused Ponzi schemer Allen Stanford is allowing parties to review documents related to allegations that the Texas financier’s lawyers engaged in insurance fraud. An order...
Geico Files $1.8M Lawsuit over Alleged No-Fault Fraud in New York
Jun 14 2010 // Insurer Geico has filed a $1.8 million lawsuit alleging a Queens radiology center orchestrated a no-fault auto insurance fraud scheme that involved thousands of suspect claims for service. Geico did not identify the 10...
Allstate: Texas Auto Theft Numbers Drop 2.5% Statewide
Jun 11 2010 // Vehicle thefts among Allstate insured Texans dropped 2.5 percent last year, the company announced, but the cars being snapped off the street are heading farther south of the border — even overseas. The insurer and...
Senator Eyes Prison, Compensation for Environmental Crimes
Jun 10 2010 // Reacting to BP’s Gulf of Mexico oil spill, a high-ranking U.S. senator Wednesday sought to toughen prison sentences for corporate officials who are found guilty of environmental crimes and to broaden fines for...
The Ethics of Stealing Business From Competitors
Jun 7 2010 // You are on an airplane and you strike up a conversation with the person next to you. She is the decision maker of a company that buys your competitor’s products. You have such a great exchange that she asks for your...
Judge Rejects Fraud Charge, Says Rating Agencies Not Underwriters
Jun 1 2010 // A Manhattan federal judge said on Tuesday that it was unfair to hold Moody’s Investors Service and Standard & Poor’s liable as “underwriters” on securities offerings needing their ratings, as he...
Report: Property, Violent Crimes Drop by 5% in 2009
May 25 2010 // Crime rates declined in both violent and property crimes in the United States last year, according to the FBI’s Preliminary Annual Uniform Crime Report released today. Preliminary 2009 statistics indicate that...
U.S. Drops Criminal Probe Against AIG Financial Products Executives
May 24 2010 // The U.S. Justice Department has dropped a probe of American International Group Inc. executives involving the credit default swaps that sent the insurer to the brink of bankruptcy and forced a huge taxpayer bailout,...
Louisiana Medical Staffing Firm Owners Charged with Work Comp Fraud
May 20 2010 // A months-long investigation by the Louisiana Workforce Commission (LWC) and the Louisiana Attorney General’s office into the business practices of a Ville Platte medical staffing firm has resulted in the arrest of...
Car Thefts Down in Most Ohio Cities
May 19 2010 // An insurance industry group reports car thefts were down last year in 15 of Ohio’s 16 largest metro areas. The only exception was the Marietta area in southeast Ohio. The Ohio Insurance Institute (OII) says a report...
Temp-Worker Exec Charged with Insurance Fraud in New York
May 19 2010 // A temporary-worker magnate has been charged with scamming the New York State Insurance Fund out of $25 million in payments he owed for workers’ compensation insurance. Eric Goldstein pleaded not guilty Monday to...
The Hanover Partners With Identity Theft 911
May 18 2010 // The Hanover Insurance Group, Inc. has partnered with Identity Theft 911, an identity theft management and data-breach response service. The arrangement will enable The Hanover’s agents to provide their mid-size...
