Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Insurers Hail N.Y. Physician Decertification Fraud Reform
Aug 4 2005 // Insurance companies are applauding New York Gov. George Pataki for signing legislation that they say will assist them in their efforts to fight insurance fraud. Pataki signed A.8376, the physician decertification bill,...
Agent Arrested for Defrauding, Faking S. Fla. Seniors’ Policies
Aug 4 2005 // An insurance agent who targeted victims between the ages of 72 and 86 and fed on their fears about aging has been arrested for defrauding at least nine South Florida senior citizens by offering them a quote for one level...
N.J. Man Finds Workers’ Comp Fraud Doesn’t Pay
Aug 3 2005 // New Jersey Division of Criminal Justice Director Vaughn McKoy announced that a Gloucester County man has pleaded guilty to theft and falsifying records for fraudulently collecting more than $11,000 in workers’...
Fla. Acupuncturist, Two Patients Charged With Fraud
Aug 2 2005 // A Jacksonville acupuncturist and two of his patients are facing fraud charges after an investigation by the Department of Financial Services’ Division of Insurance Fraud and the National Insurance Crime Bureau...
Reinsurers Sue AIG Alleging Claims Fraud; AIG Denies All Wrongdoing
Aug 1 2005 // A group of 18 insurers is suing American International Group and bankrupt fronting company Trenwick America Reinsurance Corp. for allegedly scheming to collect as much as $73 million in what the insurers claim are...
Okla. Man to Serve 9 Years for Workers’ Comp Fraud
Jul 29 2005 // A Tulsa County, Okla., man was given a 15-year sentence after pleading guilty to one count of workers’ compensation fraud in Tulsa County District Court, according to State Attorney General Drew Edmondson. Edmondson...
Former La. Agent Charged in Forgery, Theft Scam
Jul 29 2005 // Louisiana Commissioner of Insurance Robert Wooley announced that a former insurance producer from Mansura, La., was arrested and issued a cease and desist order for allegedly misappropriating insurance funds. Gordon Mark...
TDI Lists June Enforcement Actions
Jul 28 2005 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during June. The actions include two license revocations, three license denials and fines and restitution...
LIU Opens Fidelity Division
Jul 27 2005 // Liberty International Underwriters (LIU) has announced plans to start a dedicated U.S. fidelity bond department. Gerry Mogan, vice president of fidelity and Melissa Schwartz, fidelity underwriting manager have been brought...
Bay Area Agent/Broker Pleads Guilty
Jul 27 2005 // A former California insurance broker/agent faces up to 20 years in prison after pleading guilty in New York to conspiracy charges related to insurance fraud. The case stems from the findings of a joint investigation by the...
Recovering from ID Theft Can Be Difficult, Costly, Victims Report
Jul 26 2005 // Twenty-eight percent of identity theft victims indicate they have not been able to restore their identities, despite averaging more than a year trying. Results of a survey of 1,097 identify theft victims by Nationwide...
Lawyers Plead Guilty in SoCal Car Insurance Fraud Ring
Jul 25 2005 // Two attorneys pleaded guilty Friday in connection with a Southern California insurance fraud ring that allegedly staged vehicle collisions and filed false insurance company claims, officials said. Curtis Mitchell Shaw, 61,...
N.C. Task Force Formed to Identify, Fight Medicaid Fraud
Jul 22 2005 // Medicaid fraud consisting of financial abuses by doctors, providers and patients will be targeted by a new 10-member fraud unit being formed in North Carolina. “We have to ensure that every Medicaid dollar is well...
Business Leaders Launch Campaign to Combat Data Fraud, Losses
Jul 22 2005 // After a string of high-profile data thefts and losses, business leaders this week announced an education campaign to better protect sensitive client information from hackers and other thieves. “The fraudsters are...
Insurance Journal Airs Fight against Fraud
Jul 21 2005 // Fraud costs the insurance industry between $85 billion and $120 billion a year, according to the Insurance Information Institute (I.I.I.). Independent agents, claims adjusters, and most importantly consumers are impacted...
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...