Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Feds Can Use Stolen Segal Files
Jan 27 2004 // The legal defense of Michael Segal, the former owner of Chicago-based Near North Insurance Brokerage Inc., was dealt a major blow by a federal judge presiding over Segal’s trial on charges of embezzling more than $20...
Life Agent’s Alleged E&O Fraud Uncovered by <em>IJ</em>
Jan 26 2004 // Insurance Journal has discovered that there is an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722) in connection with the issuance of more than 1,000 phony Errors...
West Virginia Operating With Tort Reform Concerns
Jan 26 2004 // Like many other parts of the country, West Virginia is looking to answers to improve tort reform in the state. Recently, Insurance Journal Southeast spoke with Randy Cox, American Insurance Association West Virginia...
Tennessee’s P/C Market Mirrors Challenges Other States Face
Jan 26 2004 // Paula Flowers, the commissioner of Tennessee’s Department of Commerce and Insurance, recently set aside some time to talk with Insurance Journal Southeast regarding some of the industry issues impacting the Volunteer...
North Dakota Man Must Pay $55,000 Restitution for Comp Fraud
Jan 26 2004 // A Mandan, N.D., man was ordered to pay $54,679 in restitution to Workforce Safety & Insurance after pleading guilty to fraud in South Central District Court Dec. 16, according to a statement released by the North...
Felony Charges Filed Against Kansas Agent
Jan 26 2004 // The Kansas Insurance Department (KID), in cooperation with Sheridan County Attorney Mike Haas and the Kansas Attorney General’s Office, has filed felony charges against a Selden, Kan., insurance agent. An...
ALLIANCE IN SUPPORT OF S.C. ANTI-FRAUD PROPOSAL:
Jan 26 2004 // A proposal to create and fund an insurance fraud investigation and prosecution framework in South Carolina reportedly has the support of the Alliance of American Insurers. The Omnibus Insurance Fraud and Reporting Immunity...
Buttafuoco Among 11 Charged with Auto Repair Fraud
Jan 26 2004 // Nine owners or employees of California auto repair shops were arrested and charged recently with auto insurance fraud following a lengthy investigation by a multi-agency task force headed by the District Attorney’s...
ROGUE AGENT IN ARKANSAS:
Jan 26 2004 // Arkansas Insurance Commissioner Mike Pickens issued a warning that despite his arrest for fraud, Steven Edward Gwin, better known as Steve Gwin, is continuing to sell insurance products in the Northwest Arkansas area....
FRAUD TARGETED IN TEXAS:
Jan 26 2004 // With the creation of the Texas Committee on Insurance Fraud, the Texas insurance industry, state and county agencies, and national organizations are engaging for the first time in a coordinated effort to battle insurance...
Nevada First in Insurance Fraud Convictions
Jan 26 2004 // Attorney General Brian Sandoval today announced that the Nevada Department of Justice, Insurance Fraud Unit, obtained more convictions per capita than any other state. The statistics for insurance crimes were compiled by...
IIABNY ANNOUNCES LEG. PRIORITIES:
Jan 26 2004 // The Independent Insurance Agents & Brokers of New York Inc. want the state’s lawmakers to work harder to fight fraud and free up the construction industry from a severe crisis created by obsolete provisions in...
Improved Disclosures, Accountability Brings New Challenges to Insurers
Jan 26 2004 // Improved corporate disclosures, increased personal accountability of officers, and an expanding role of audit committees and outside directors since the enactment of the Sarbanes-Oxley Act more than one year ago may deter...
One-on-One with Arizona State Fund President Don Smith
Jan 26 2004 // In recent months, we’ve heard nothing but praise for Arizona’s workers’ compensation system, especially when compared to the trouble California system. Wondering what all the hoopla was all about, I...
Alleged Life Agents E&O Fraud Uncovered by IJ
Jan 24 2004 // Insurance Journal has discovered that there is an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722) in connection with the issuance of more than 1,000 phony Errors...
Five Monterey County Shop Owners Arrested in Auto Fraud Ring
Jan 23 2004 // Monterey County Sheriff’s Department arrested five business in sting concluding what has turned out to be one of the largest undercover insurance fraud sting operation in the history of Monterey County. Arrested...
AXA Art Offers $116,000 Reward for Recovery of Stolen Ivories
Jan 23 2004 // AXA Art Insurance Ltd, a division of France’s AXA Group based in London, has offered a reward of up to C$150,000 (U.S.$116,000) for information leading to the recovery of the five signed ivory sculptures stolen from...
Agents E&O Fraud Uncovered by <em>IJ</em>
Jan 23 2004 // Insurance Journal has discovered that there is an ongoing investigation into Torrance, Calif.-based Manning Riddell Insurance Services Inc. (License #0827722) in connection with the issuance of more than 1,000 phony Errors...
Vermont Commissioner Lists “Top 10” Investment Fraud Schemes
Jan 21 2004 // Vermont’s Department of Banking, Insurance, Securities and Health Care Administration (BISHCA) Commissioner John Crowley issued a bulletin aimed at helping investors cope with the “increasingly complex and...
Ohio Woman Pleads Guilty in $400,000 Fraud Case
Jan 19 2004 // Ohio Department of Insurance (ODI) Director Ann Womer Benjamin announced that Brenda Dawn Johnson, 48, of Stoutsville, Ohio, reached a plea agreement yesterday in the Fairfield County Court of Common Pleas in a $400,000...
