Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Aon Responds: Apologizes but Admits No Wrongoing; Notes No Criminal Charges Filed
Mar 4 2005 // Aon Corporation acknowledged the settlement it reached with officials in three states over investigations that questioned the large brokerage firm’s receipt of contingent commissions from insurers by apologizing for...
New Jersey’s OIFP Issues Annual Report
Mar 4 2005 // New Jersey Attorney General Peter Harvey has issued the 2004 Annual Report for the New Jersey Office of the Insurance Fraud Prosecutor (OIFP). The Report details investigations, prosecutions, and other activities...
ChoicePoint Reported to Have Had Previous ID Theft
Mar 3 2005 // Two Nigerian-born siblings were arrested in 2002 on charges of tapping into ChoicePoint Inc.’s vast database of personal information, a security breach similar to one announced by the data warehouser last month, a...
ICT and APD Work on Crime Prevention Signs
Mar 3 2005 // The Insurance Council of Texas (ICT) reported that it is partnering with the Austin Police Department to kick-off an innovative education effort to reduce automobile burglaries. The partnership led to the creation of signs...
La. State Police Make Insurance Fraud Arrests
Mar 3 2005 // The Louisiana State Police Insurance Fraud Unit reported that it recently closed a month-long investigation with the arrests of three Concordia Parish individuals. Michell Warren, 34, of Vidalia, Milton Cupstid, 58, of...
Jardine Lloyd Thompson Secures Lloyds of London Ins Protection to Financial & Healthcare Sectors as Identity Theft Grows
Mar 3 2005 // London: JLT Risk Solutions Ltd and Jardine Lloyd Thompson LLC, part of Jardine Lloyd Thompson Group plc (JLT.LN) said today insurance capacity has been secured within the Lloyd’s of London market to provide new...
14 Floridians Indicted for Federal Emergency Management Agency Fraud
Mar 2 2005 // A federal grand jury, sparked by a Fort Lauderdale Sun-Sentinel investigation into fraud in Miami-Dade hurricane aid payments through the Federal Emergency Management Agency, indicted 14 people on a variety of fraud counts...
General Re Under Scrutiny for Reinsurance Dealings with Failed Virginia Liability Reciprocal
Mar 2 2005 // General Reinsurance, a subsidiary of Berkshire Hathaway Inc., has been subpoenaed in an investigation of Reciprocal of America, a former Virginia-based professional liability insurer whose collapse is considered one of the...
Kan. Senate Passes Anti-Fraud Bill
Mar 1 2005 // The Kansas Senate passed Insurance Commissioner Sandy Praeger’s anti-fraud legislation last week. The bill now moves to House of Representatives. Senate Bill 207 “would give the Kansas Insurance Department the...
Calif. Warrant Sweep Nets Eight Suspects; Six Wanted for Insurance Fraud
Feb 28 2005 // Starting last Thursday, investigators from the California Department of Insurance’s Fraud Division (CDI) conducted joint operations in the Central Valley to execute outstanding arrest warrants. This sweep netted...
Kan. DOI Pushes Tougher Fraud Penalties
Feb 22 2005 // The Kansas Insurance Department has asked the legislature to consider legislation that would help the department deal with the ever growing problem of insurance fraud. A 2003 Newsweek study indicates the insurance industry...
TDI Investigating Unauthorized San Antonio Agents on Fraud Charges
Feb 22 2005 // The Texas Department of Insurance issued a fraud alert pertaining to two San Antonio insurance agencies, The Insurance Center and The Insurance Connection, operating at the following locations: 539 South General McMullen,...
Tampa Man Sentenced to Two Years in Fraud Scam
Feb 22 2005 // A Tampa man has been sentenced on charges he sold phony bonds, claiming the bonds carried a financial guarantee. The bonds were sold to more than 200 people, primarily in the Tampa Bay area. The Florida Office of Financial...
ChoicePoint Notifies 144,778 of Theft; Nigerian Perpetrator Sentenced to 16 Months
Feb 21 2005 // ChoicePoint has confirmed in a written statement that criminals pretending to be legitimate companies stole credit reports, Social Security Numbers, driver’s license numbers and other personal information of...
TWO GUILTY IN RECIPROCAL OF AMERICA FRAUD:
Feb 21 2005 // Two former top officers of collapsed Reciprocal of America are scheduled for sentencing in June for their roles in what a federal prosecutor called one of Virginia’s biggest insurance fraud cases. Kenneth R....
BILL WOULD TOUGHEN INSURANCE FRAUD PENALTIES
Feb 21 2005 // Strengthening Indiana’s weak insurance-fraud law will raise Indiana’s fraud statute to a par with other states, the Coalition Against Insurance Fraud told key legislators in testimony recently. According to the...
Message to Board: Find Out What’s in Your D&O Policy Before It’s Too Late
Feb 21 2005 // Not knowing the difference between a “severability clause” and a “final adjudication exclusion” could have major consequences for audit committee members and their fellow directors. Board members...
LAPD Cop Nabbed in Workers’ Comp Fraud Case
Feb 21 2005 // A Los Angeles Police Department officer who worked as an armed security guard at Staples Center and Dodger Stadium while collecting disability benefits for on-duty injuries was convicted of workers’ comp fraud, the...
N.C. Agent Fined $220,000, Sentenced to Six Months in Jail for Embezzlement
Feb 18 2005 // North Carolina Insurance Commissioner Jim Long has announced the conclusion of an insurance fraud case against Eugenie H. Johnson of Fayetteville, who was accused of embezzling more than $220,000 from an insurance agency...
Main Street America Group to Serve on Coalition Against Insurance Fraud Board
Feb 18 2005 // The Main Street America Group has been appointed to serve on the board of directors of the Coalition Against Insurance Fraud, a Washington, D.C.-based global alliance of insurers, consumer organizations and state agencies...
