Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
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...
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...
