Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Statewide Auto Theft Continues to Decline in Michigan
Feb 19 2010 // An organization dedicated to reducing auto theft in Michigan reports that while there has been a decline in auto theft in the state, incidents of insurance fraud and component theft have increased. Michigan’s...
Travelers Construction Insurance Offers Wrap+ Fidelity and Crime
Feb 18 2010 // Travelers Construction Insurance and Travelers Bond & Financial Products have teamed together to offer the Wrap+ Fidelity and Crime coverage to the construction industry. The policy will help protect construction...
Some Red Flags in Residential Arsons Fly Before the Fire
Feb 18 2010 // Financial stress is the number one reason residential dwellings are intentionally torched, but proving the act of arson is not that easy. In fact, Federal Bureau of Investigation statistics for 2007 show only around 6...
Georgia Truckers Support Cargo Theft Investigation Unit
Feb 17 2010 // Georgia Governor Sonny Perdue has commended a state trucking association for donating to the state unit charged with investigating cargo theft. The Georgia Motor Trucking Association has donated $16,000 to the Georgia...
Liberty Mutual Says It Was Victim of Fraud by General Re
Feb 16 2010 // Liberty Mutual Insurance Co. last Friday asked a federal judge to undo part of a recent settlement by a reinsurance unit of Warren Buffett’s Berkshire Hathaway Inc. with federal investigators, saying it was a victim...
Middleton Appointed to Calif. Workers’ Comp Fraud Assessment Commission
Feb 16 2010 // California State Compensation Insurance Fund has announced that Lisa Middleton, senior vice president of internal affairs, was elected chair of the Workers’ Compensation Fraud Assessment Commission. Middleton brings...
How Anonymous Citizen Tipsters in Mississippi Help Stop Crime
Feb 8 2010 // Crime prevention takes more than the work of law enforcement officers. Mississippi citizens are also doing their part through a program called Crime Stoppers. The Golden Triangle Crime Stoppers has been in existence since...
Washington Man Pleads Guilty to Workers’ Comp Fraud
Feb 4 2010 // A Ritzville, Wash., man has pleaded guilty to possession of stolen property in connection with illegally collecting workers’ compensation benefits while collecting wages from a nursing home managed by his...
Louisiana Agent Accused of Insurance and Bank Fraud
Feb 3 2010 // The Louisiana Department of Insurance says a Baton Rouge agent has been served with two cease and desist orders, and two fine notices, for alleged insurance fraud, bank fraud, issuing worthless checks, filing false public...
Icelandic Insurer Exista HF Raided by Anti-fraud Agents
Jan 28 2010 // Law enforcement agents from Britain and Iceland searched the premises of Icelandic insurer Exista HF on Tuesday in a probe related to the trading of shares in other companies. The company said Tuesday its offices in...
Kansas City Agent Convicted of Fraud Sentenced to 15 Years in Jail
Jan 28 2010 // The Kansas Insurance Department (KID) reported that a former Kansas City-area insurance agent has been convicted on federal charges of insurance and mortgage fraud, and handed a 15-year jail term. Investigators from the...
Hard Drive Thefts Cost Tennessee Insurer $7 Million
Jan 28 2010 // BlueCross BlueShield of Tennessee says the theft of computer hard drives containing personal information on hundreds of thousands of members has already cost the insurer more than $7 million. The insurer has already...
Florida’s Citizens to Re-Bid Part of Contract for Property Reinspections
Jan 26 2010 // Florida’s state-backed property insurer will seek competitive bids on part of a contract to reinspect as many as 400,000 properties that have been awarded $700 million in mitigation discounts off their insurance...
Georgia Insurance Broker’s Bookkeeper Charged With Stealing $1 MIllion
Jan 25 2010 // A 63-year-old former bookkeeper at a Dalton, Georgia insurance brokerage is facing federal charges she embezzled more than $1 million from her employer. Prosecutors say Carolyn Lynn Cherry of Chatsworth forged her...
UK Fraud Costs $48 Billion a Year; ABI Calls for ‘Zero Tolerance’
Jan 25 2010 // The UK’s National Fraud Authority’s Annual Fraud Indicator has concluded that fraud costs the UK over £30 billion [$48 billion] a year. The finding prompted an immediate response from the Association of...
Insurance Fraud Rises as State Bureaus’ Budgets Fall
Jan 24 2010 // State insurance fraud fighting bureaus are seeing a significant spike in fraud cases while trying to manage with lower budgets and staffing in the down economy of 2009. Cases increased in all 15 types of fraud schemes,...
5 Issues Agents Should Watch in 2010
Jan 24 2010 // With insurance agents across the nation breathing a sigh of relief that 2009 is behind them, their focus has turned to the future: What will 2010 bring for the industry? These emergent issues are important not only for...
Former Insurance Co. Employee Sentenced for Stealing from Carrier, Agents
Jan 21 2010 // Mark Camacho, 41, of Cedar Hill, Texas, a former employee of Americo Life Insurance Co., was sentenced in federal court for stealing more than $900,000 from the carrier and its agents’ commission accounts. Chief U.S....
College Station, Texas, Expands Auto Theft Prevention Program
Jan 20 2010 // The Insurance Council of Texas (ICT) and the College Station Police Department are expanding a crime prevention campaign aimed at preventing auto thefts and auto burglaries. The program involves the funding and...
Ex-Minnesota State Worker Focus of Probe of Fraud Aimed at Businesses
Jan 20 2010 // State investigators are trying to determine the scope of a check fraud scheme that they say could count hundreds of Minnesota businesses among its victims. The woman at the center of the investigation is a former employee...
