Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Jury Awards $700M in Damages in Executive Life Suit
Jul 21 2005 // Insurance Commissioner John Garamendi issued the following statement today in regard to the jury’s award of $700 million in punitive damages against Artemis S.A. for its participation in a conspiracy to defraud the...
Wash. Contractor Cited for Fraud and Safety Violations
Jul 20 2005 // In a combined effort to combat fraud and protect workers from serious injury and death, the Washington Department of Labor and Industries (L&I) has cited a Tacoma roofing contractor for workers’ compensation...
$120,000 In ‘Ditched’ Vehicles Offered ‘For Sale’ to DFS Undercover Officers
Jul 20 2005 // Eight individuals have been apprehended in West Palm Beach, Fla. for attempting to claim more than $120,000 in auto insurance theft benefits; but, there was one hitch, they attempted to “ditch” the vehicles by...
LSP ARRESTS ALEXANDRIA MAN FOR ID THEFT
Jul 18 2005 // The Louisiana State Police announced the arrest of Sam Medica, age 42, of Alexandria, who is charged with LRS 14:67.16 Identity Theft (1 Count). Medica’s arrest follows a year-long investigation that began when...
WASH. L&I’S ANTI-FRAUD EFFORT RECOVERS $27M:
Jul 18 2005 // The Washington Department of Labor and Industries’ fraud program recovered more than $27 million in the first three months of this year, according to a report sent to the state Legislature and the Office of Financial...
Va. Med-Mal Insurer’s Collapse Has Patients and Doctors Scrambling
Jul 18 2005 // Like many pediatricians, Dr. Raymond Jones has enjoyed watching his “kids” graduate from infancy to college. But his smiles often masked his anxiety that he was about to be ruined. The 2002 collapse of his...
News Briefs
Jul 18 2005 // Arkansas P/C Claims Reports Hearing Scheduled The Arkansas Insurance Department will hold a public hearing July 27 to determine whether Insurance Commissioner Julie Benafield Bowman should revise and re-adopt Rule and...
Va. Med-Mal Insurer’s Collapse Has Patients and Doctors Scrambling
Jul 18 2005 // Like many pediatricians, Dr. Raymond Jones has enjoyed watching his “kids” graduate from infancy to college. But his smiles often masked his anxiety that he was about to be ruined. The 2002 collapse of his...
Insurance Journal Airs Daily Fraudcaster Online
Jul 18 2005 // n6insurancejournal.xtg TITLE: Insurance Journal Airs Daily Fraudcaster Online Fraud costs the insurance industry between $85 billion and $120 billion a year, according to the Insurance Information Institute. Independent...
American Hobbyist’s Online Rating
Jul 18 2005 // American Hobbyist Insurance, a national provider of collector-vehicle insurance, added real-time online quoting and submission capabilities to its newly redesigned Web site. AmericanHobbyist.com now provides online quoting...
Malibu Man Charged with Grand Theft
Jul 15 2005 // Editor’s Note: Since first publishing this report, Insurance Journal has learned that Vahe K. Hagopian plead guilty to an infraction of practicing shorthand without a license and was sentenced to pay a fine of...
New Okla. Bill Protects Against Discount Card Fraud
Jul 14 2005 // New legislation in Oklahoma that defines discount medical plans and protects consumers against high-pressure sales tactics and misleading information is welcome, according to Insurance Commissioner Kim Holland. Companies...
Bridgeport, W.Va. Insurance Agent Charged With Embezzlement, Fraud
Jul 13 2005 // Insurance agent Dorsey R. Ash of the Ash Insurance Agency Inc. in Bridgeport, W.V. has agreed to plead guilty to one count of embezzlement, a felony; and one count of conducting a fraudulent scheme, also a felony,...
California’s State Fund Riverside District Office Hosts Employer Seminar on Workers’ Comp Fraud Prevention
Jul 12 2005 // As part of its commitment to fight workers’ compensation insurance fraud, California’s State Fund will host a free fraud prevention seminar for employers at its Riverside District Office. The seminar will take...
N.J. Wife, Husband Charged in Auto PIP Fraud Case
Jul 12 2005 // New Jersey Division of Criminal Justice Director Vaughn McKoy announced that the Office of Insurance Fraud Prosecutor has obtained an indictment charging a Passaic County couple with insurance fraud for their roles in an...
Conn. Gov. Rell Signs New ID Theft Protection Law
Jul 11 2005 // Under a new law signed by Governor M. Jodi Rell, consumers in Connecticut will have the right to put a security freeze on their credit files to prevent identity thieves from opening new credit accounts in their...
Attorney Sentenced for Insurance Scam
Jul 11 2005 // A Marina del Rey, California attorney was sentenced July 8 to seven years and eight months in prison for his role in an auto insurance fraud ring that stole about $3 million, officials said. Robert Belshaw was found guilty...
Survey: One in Five Americans Have Been Victims of Identity Fraud
Jul 8 2005 // With companies reporting data breaches seemingly every week, more people are becoming victims of identity theft, according to a survey of more than 1,850 Americans sponsored by Chubb Group of Insurance Companies. The...
Wash. L&I’s Anti-Fraud Effort Recovers $27M in First Three Mos. of 2005
Jul 7 2005 // The Washington Department of Labor and Industries’ fraud program recovered more than $27 million in the first three months of this year, according to a report sent to the state Legislature and the Office of Financial...
N.Y. Sees Drop in Auto Insurance Fraud, Injury Suits
Jul 6 2005 // The number of suspected automobile insurance fraud cases dropped across New York last year by 17 percent, according to a new report. New York State Insurance Department officials said fraud cases, which for years have been...
