Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Consumers, many departments required to fight identity theft
May 8 2006 // Editor’s Note: This is the second installment of a two-part roundtable discussion on identity theft. Part 1 examined the scope and source of identity theft, and can be found on page 100 of Insurance Journal’s...
Former Enron executive admits guilt, says complacency equally bad as committing fraud
May 8 2006 // The same week Enron Corp. founder Kenneth Lay told jurors that he did not intentionally deceive investors and analysts, another former Enron executive told the insurance and risk management community that Enron suffered...
Consumers, many departments required to fight identity theft
May 8 2006 // Editor’s Note: This is the second installment of a two-part roundtable discussion on identity theft. Part 1 examined the scope and source of identity theft and can be found on page 100 of Insurance Journal’s...
Fla. SB 1596, HB 561 Tighten Grip on Insurance Fraud
May 5 2006 // Passage by Florida’s Legislature of Senate Bill 1596 and House Bill 561, sponsored by Sen J.D. Alexander and Rep. David Rivera, Florida’s Legislature has tightened the grip on insurance fraud artists who steal...
Former California Agent Charged with Fraud, Grand Theft
May 5 2006 // Donald Paul Hardwick, 43, of Fresno, Calif., has been charged with three felony counts of insurance fraud, theft of insurance funds and grand theft by embezzlement, stemming from investigations conducted by the California...
California Chiropractor and Legal Assistant Plead No Contest to Fraud
May 4 2006 // An Encino, Calif., chiropractor Nasrin “Nancy” Hadizadeh Fathi, 43, and legal assistant Behrouz Beck Saffary, 51, have pled no contest and were found guilty of one count each of insurance fraud, the California...
Auto Insurance Costs Holding Steady; Average Nationwide Premium at $867
May 3 2006 // The cost of auto insurance is expected to rise by just 0.5 percent in 2006, the smallest increase in six years, reports the Insurance Information Institute. A declining number of auto accidents, safer cars and...
Unlicensed Los Angeles Man Sentenced for Theft of Premiums
May 2 2006 // An unlicensed Los Angeles insurance agent, Jose Miguel Marquez, 23, has been sentenced to one year of summary probation and ordered to reimburse the California Department of Insurance (CDI) $10,000 for investigative costs...
Texas DOI Lists March Enforcement Actions
May 1 2006 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during March. The actions include five license revocations, three license denials and fines and...
ChoicePoint Comments on FEMA Investigation
May 1 2006 // The Associated Press filed a story Wednesday, April 26, about a federal General Accounting Office (GAO) investigation of the Federal Emergency Management Agency (FEMA) and fraud associated with its post-Katrina financial...
Insurance Scam Plotted by Mich. Prison Inmates Takes Fatal Twist
Apr 28 2006 // According to the Coalition Against Insurance Fraud, what started as a life-insurance fraud scheme ended up as an execution. Michigan inmates Cameron Wade Sanders and Kevin Mykolaitis hatched a con while in prison to create...
Bay Area Chiropractor Arrested for Alleged Insurance Fraud
Apr 27 2006 // A California Bay Area chiropractor, Dr. Linda Fang, has been arrested for insurance fraud. Fang was charged with eight counts of presenting fraudulent claims; eight counts of false statements in support of insurance...
Texas Fraud Committee Warns of Accident ‘Runners’
Apr 27 2006 // You’re involved in a minor traffic accident where there was little damage to either vehicle, no one was hurt, but police were called and a traffic accident report was filled out. Much to your surprise, someone...
Lawrence, Mass. Attorney Found Guilty in Staging of Insurance Fraud
Apr 27 2006 // A Massachusetts jury found a Lawrence lawyer guilty of auto insurance fraud in a scheme that prosecutors say involved staged accidents and phony victims. A jury in Salem Superior Court jury deliberated for two days before...
ABI Calls for “Radical Action” to Reduce U.K. Fraud
Apr 26 2006 // In its submission to the U.K. Government Fraud Review the Association of British Insurers notes that fraud is a “fast growing crime, having doubled in the in the last five years. Fraud costs around £16 billion...
40 Arrests Kick Off Fla. ‘Operation Spring Cleaning,’ 40 More Targeted
Apr 26 2006 // A special statewide operation targeting the arrest of nearly 80 suspects from Miami to Pensacola, Fla. for their roles in insurance fraud schemes, dubbed “operation spring cleaning,” has been launched by the...
Former Enron Exec Admits Guilt, Says Complacency Equally Bad as Committing Fraud
Apr 26 2006 // The same week Enron Corp. founder Kenneth Lay told jurors that he did not intentionally deceive investors and analysts, another former Enron executive told the insurance and risk management community that Enron suffered...
N.Y. City Targets Medical Mills; Insurer Group Encourages Action
Apr 25 2006 // The New York City Council is looking for ways to shut down certain fraudulent medical clinics that critics say take advantage of the state’s no fault insurance system and drive up auto insurance rates. One prominent...
Bigfork Man Faces Federal Fraud, Money Laundering Charges
Apr 24 2006 // Former Bigfork businessman Myron “Mike” Felt faces federal charges of fraud and money laundering for allegedly defrauding insurance companies through his company, Crop Hail Management Inc. Prosecutors say...
Two Ga. Agents Kept Premiums, Charged With Fraud
Apr 21 2006 // Arrest warrants have been issued for two Gainesville, Ga. insurance agents; both are charged with insurance fraud. Robert Frank Kubitz, 51, allegedly kept premiums paid to his business, RF Kubitz Agency, for coverages...
