Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
FLORIDA
Oct 3 2005 // The Prosecutor’s Office has charged five St. Petersburg residents with filing false claims and defrauding two car insurance companies after a May 2004 two-car wreck in Pinellas Park, Fla. Zlatan Ramic, Alija...
Editor’s Note: Speak Out Against Insurance Fraud
Oct 3 2005 // Insurance fraud is a lucrative occupation, just ask any insurance commissioner or state attorney general and they will agree insurance fraud is rampant. The fraud stories on page 35 are only a few crossing my desk in...
Wash. Contractor Cited for Fraudand Safety Violations
Oct 3 2005 // To combat fraud and protect workers from serious injury and death, the Washington Department of Labor and Industries has cited a Tacoma roofing contractor for workers’ compensation fraud and multiple safety...
As Motorcycle Theft Rates Soar, Survey Reveals Bikers’ Concern
Oct 3 2005 // With motorcycle theft rates climbing more than 55 percent and bike sales soaring at unprecedented rates, a survey of motorcycle owners revealed that 49 percent are concerned about bike theft and 84 percent believe the...
Mo. Court Awards $800,000 to Auto Fraud Defendants
Sep 30 2005 // Two Missouri people acquitted of automobile insurance fraud were awarded $800,000 in damages for malicious prosecution of their case. A Jackson County Circuit Court jury on Tuesday ruled that State Farm Insurance and the...
NAS Insurance Services’ EPLI Covers Employee Identity Theft and Genetic Makeup Discriminations
Sep 29 2005 // NAS Insurance Services’ EPLI program now covers employers for allegations of improper disclosure of confidential information resulting in Identity Theft. In addition, coverage for employers from allegations of...
Lloyd’s Syndicate to Offer Identity Theft Insurance Coverage
Sep 28 2005 // SVB Syndicate 1007, at Lloyd’s, announced the availability of identity insurance to help address the perils of identity theft. For the past five years in America, identity theft has reportedly been the number one...
W.V. Big ‘I’ Convention: Commissioner Cline, Experts to Discuss Workers’ Comp Issues
Sep 27 2005 // West Virginia Insurance Commissioner Jane L. Cline, and leading West Virginia insurance instructors, experts and officials will address the Oct. 7 to 10 annual Professional Independent Insurance Agents and Brokers of...
Chicago Attorney Held in Insurance Fraud Case
Sep 23 2005 // A Chicago attorney who allegedly worked for a husband-and-wife team accused in a multi-million dollar insurance fraud scam was ordered held without bail in bond court yesterday, according to the Chicago Sun-Times. Eric P....
Judge Approves ‘Historic’ $6.1 Billion WorldCom Settlements
Sep 23 2005 // Former WorldCom investors can now claim back some of the billions of dollars they lost in a massive accounting fraud, after a federal judge in New York approved legal settlements of “historic proportions.” The...
N.C. Felons Bonded Out, Apprehended on Additional Fraud Charges
Sep 23 2005 // Terry Tew and John Daniel Clapper, both of Clinton, N.C. have been apprehended by the Sampson County, N.C. Sheriff’s Office for taking out fraudulent insurance policies on water craft and several pieces of heavy...
Pa. Man Accused of Stealing $400,000 from Universal Underwriter’s
Sep 22 2005 // A man in McKees Rocks, Pa., was indicted by a federal grand jury this week on charges of embezzling $400,000 from an insurance company and using the money to buy sports cards, sports memorabilia and vehicles. Richard...
GlaxoSmithKline Agrees to Pay $150 million to Settle Fraud Case
Sep 22 2005 // GlaxoSmithKline PLC will pay $150 million to settle claims it overcharged the government for two anti-nausea drugs, and prosecutors say they’re looking into 150 cases of drug price fraud. The Glaxo settlement is the...
NAIC Reports Multi-State Regulatory Settlement with Marsh & McLennan Cos.
Sep 21 2005 // More than 30 state insurance regulators working collaboratively through the National Association of Insurance Commissioners (NAIC) on Wednesday announced a multi-state regulatory settlement with the nation’s largest...
W.V. Homeowner, Tenant, Indicted for Arson, Fraud
Sep 21 2005 // West Virginia Insurance Commissioner Jane L. Cline announced Wednesday that Deborah K. Wildberger and Michael T. Hovermale were indicted by a Morgan County grand jury Sept. 6 on charges of insurance fraud. Wildberger...
TDI Issues Reminder to Report Fraud
Sep 20 2005 // The Texas Department of Insurance issued a reminder to insurance professionals in Texas that they have a duty to report insurance fraud. TDI’s bulletin stated: “Important and significant changes regarding the...
Calif. State Fund to Collect $66,355 in Fraud Case
Sep 20 2005 // Superior Court Judge Christopher G. Wilson ordered the owner of three Humboldt County bars to pay State Compensation Insurance Fund $66,355.00 in restitution for defrauding the workers’ compensation insurance...
Lawyers Plead Guilty in Fraud Ring
Sep 19 2005 // Two attorneys pleaded guilty in connection with a Southern California insurance fraud ring that allegedly staged vehicle collisions and filed false insurance company claims, according to state officials. Curtis Mitchell...
NAIC Introduces Online Fraud System
Sep 16 2005 // With the goal in mind to obtain uniformity in insurance regulation, address concerns expressed by the industry, and ultimately, to protect consumer interests, the National Association of Insurance Commissioners (NAIC) has...
West Virginia Circuit Court Convicts Employer for Workers’ Comp Fraud
Sep 15 2005 // Richard J. Custer Jr. has been convicted in Marshall County Circuit Court on felony a felony charge of making a false statement to the West Virginia Workers’ Compensation Commission for providing false information...
