Latest Fraud Headlines

Defendant in General Reinsurance, AIG Fraud Faces Sentencing

Apr 28 2009 // A former General Re senior vice president faces sentencing for his role in an accounting fraud scandal that artificially inflated the stock price of insurer American International Group Inc. Robert Graham is scheduled to...

Ohio Man Pleads Guilty on 3 Counts in Insurance Fraud Case

Apr 24 2009 // Ohio Department of Insurance Director Mary Jo Hudson announced that Huey Granderson of Millersport, Ohio, has pled guilty on three counts stemming from his involvement in a Fairfield County insurance fraud ring. Granderson...

Motorists Insurance Offers Tools to Address ID Theft, ‘Red Flag’ Rules

Apr 22 2009 // Columbus, Ohio-based Motorists Mutual Insurance Co. announced it is offering educational resources to commercial lines policyholders to help them comply with new federal regulations concerning data security and identity...

New York Made 160 Frauds Arrest in First 3 Months of the Year

Apr 22 2009 // The Insurance Frauds Bureau of New York State made 160 arrests for frauds-related crimes through the first three months of the year, according to new statistics released by the New York Insurance Department. The total...

Ohio Chiropractor Sentenced for Workers’ Compensation Fraud

Apr 21 2009 // A Cleveland, Ohio, chiropractor who has been under investigation by the Ohio Bureau of Workers’ Compensation’s (BWC) special investigations department (SID) has been sentenced after pleading guilty to...

Woman Sentenced in Western Pennsylvania Chiropractor’s Fraud

Apr 20 2009 // A North Carolina woman has been sentenced to two years in prison for helping a chiropractor in a $12 million kickback scheme that federal prosecutors called the largest health insurance fraud in western Pennsylvania...

National Advocacy Group Urges Maine to Fight Insurance Fraud

Apr 20 2009 // A national advocacy group is urging lawmakers in Maine to create an insurance fraud bureau. The Pine Tree State has the highest per-capita rate of insurance fraud in America, according to the Coalition Against Insurance...

Firm Charged With Fraud in Indiana Gets Off With Fines, Fees

Apr 20 2009 // The owner of a Florida-based repair company accused of faking hail damage to drum up business after a 2006 storm in Indiana agreed to $660 in fines and fees in return for dropped charges, prosecutors say. Indianapolis,...

Crime Warp: Recession Driving a Rise in Vehicle Give-Ups

Apr 20 2009 // As America’s economy slogs through this once-in-a-generation recession, stressed-out consumers are literally being driven to desperation. Growing numbers of drivers around the U.S. are illegally dumping their...

Agents Can Help Fight Insurance Fraud

Apr 16 2009 // Insurance agents can play a big role in helping states to fight insurance fraud. And with insurance fraud costing California alone $15 billion each year, or $500 per resident, the cost of which is eventually passed onto...

Maryland Woman Sentenced in Hurricane Katrina Theft

Apr 15 2009 // The U.S. Attorney’s Office says a former Maryland resident has been sentenced for stealing $60,200 in Hurricane Katrina disaster relief benefits. Forty-two-year-old Schewanda Baptiste, formerly of Waldorf, was...

Las Vegas Police Say Task Force Curbing Car Thefts

Apr 15 2009 // Las Vegas police say a push to curb auto thefts is behind a big drop in the number of vehicles stolen in southern Nevada. A report by the National Insurance Crime Bureau said that Clark County had the seventh-most cars...

Overall Thefts Cool, But California Remains Top Spot for Vehicle Thefts

Apr 13 2009 // The National Insurance Crime Bureau (NICB) reported that 2008 marked the nation’s fifth consecutive year of declining vehicle thefts in the United States. Although most areas experienced a reduction in vehicle theft,...

Georgia Charges Tennessee Trucking Insurance Agent with $2.6 Million Fraud

Apr 10 2009 // A Chattanooga, Tenn. insurance agent has been charged with insurance fraud and theft for allegedly adding commissions to policies when he told policyholders that the coverage was being sold on a net basis — with a...

Anti-Fraud Group Urges Maine to Fight Insurance Fraud

Apr 9 2009 // An national advocacy group is urging lawmakers in Maine to create an insurance fraud bureau. The Pine Tree State, according to the Coalition Against Insurance Fraud, has the highest per-capita rate of insurance fraud in...

U.S. Judge Halts Washington Mutual Fraud Lawsuit

Apr 7 2009 // A federal judge on Monday halted a consumer class-action fraud lawsuit against Washington Mutual Inc, saying it may be more appropriate for the Federal Deposit Insurance Corp to handle claims against the failed savings and...

Apr 6 2009 // $930,000 Total amount of fines and restitution paid by Boston-based Liberty Mutual Insurance Cos. after a market conduct exam by the Connecticut Insurance Department. The report found five Liberty Mutual subsidiaries had...

It Figures

Apr 6 2009 // $109 Million The amount Ernst & Young LLP has agreed to pay to HealthSouth Corp. shareholders who sued the firm for failing to detect an accounting fraud involving more than a dozen executives, according to papers...

Liaisons Highlight Consumer Insurance Concerns

Apr 6 2009 // Consumer Advocates Focus on How Insurers Treat Insureds in Difficult Economic, Credit Climate Insurance agents, brokers and regulators should be aware that when it comes to insurance, consumers are concerned with such...

Connecticut Cigarette Theft Estimated at $1M

Apr 1 2009 // Connecticut police say that a weekend theft of cigarettes from a Milford warehouse is now estimated to be worth about $1 million. Police say the thieves who broke into Montano Cigarettes, Candy & Tobacco Inc. stole...