Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
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...
NYS Senate to Hold Auto Fraud Hearing
Jan 19 2004 // The New York State Senate Insurance Committee plans to hold a hearing Feb. 9 on New York’s auto insurance fraud problem. Fraud investigators and the insurance department are expected to testify on how staged...
N.Y. Fraud Squad Busts Queens No-fault Insurance Ring; 33 Arrested
Jan 16 2004 // New York’s Superintendent of Insurance Gregory V. Serio joined New York City Police Commissioner Raymond W. Kelly and Queens District Attorney Richard A. Brown in announcing multiple indictments charging a group of...
Fla. Advises on ‘Top 10’ Investment Scams to Beware of for 2004
Jan 15 2004 // Florida’s Chief Financial Officer Tom Gallagher and Don Saxon, Director of the Office of Financial Regulation, warned that investors will be challenged with increasingly complex and confusing investment frauds in...
Travelers Unveils Master Policy Protection From Crime of Identity Theft
Jan 15 2004 // Travelers Property Casualty Corp. announced the availability of its new master policy to cover identity theft expenses. Financial institutions or other commercial businesses can purchase this policy on behalf of their...
Fraud Targeted by New Texas Initiative
Jan 14 2004 // With the creation of the Texas Committee on Insurance Fraud, the Texas insurance industry, state and county agencies, and national organizations are pulling together for the first time a coordinated effort to battle...
Allstate Seeks $3.5M in Medical Fraud Lawsuit Against Calif. Chiropractor
Jan 13 2004 // Allstate Insurance Company and Allstate Indemnity Company began serving summons and complaints upon an Los Angeles County chiropractor and his wife, accusing them of taking part in schemes designed to defraud the...
N.Y. Charges Two with Arson Fraud
Jan 12 2004 // New York’s Superintendent of Insurance Gregory V. Serio announced the arrest of Joseph Dolcimascolo and his mother, Martha, on charges of insurance fraud in the third degree and grand larceny in the third degree. The...
Nev. Man Found Guilty of Felony Fraud
Jan 12 2004 // Attorney General Brian Sandoval announced that Patrick Lee Miller was found guilty of a felony insurance fraud, making false representations to an insurance company. The matter was heard in Humboldt County’s 6th...
Anonymous Tip, Employer Cooperation Solve Pair of Wash. L&I Fraud Cases
Jan 12 2004 // Washington has ordered a 62-year-old woman from Okanogan to pay back $117,004 after an investigation reportedly showed that she had collected survivor benefits illegally. And a 52-year-old Olympia man, Richard Sundblad,...
L.A. Man Pleads No Contest to Fraud
Jan 12 2004 // A Los Angeles man pleaded no contest to two felony counts of insurance fraud after CDI Fraud investigators determined that he misrepresented injuries allegedly sustained in his workplace. Tommie Lee Robinson, 55, claimed...
NINE NEW FRAUDSTERS JOIN “HALL OF SHAME”:
Jan 12 2004 // Nine of the nation’s top convicted insurance swindlers of 2003 have been elected to the Insurance Fraud Hall of Fame by the Coalition Against Insurance Fraud (www.InsuranceFraud.org). The East Coast scored well with...
The Right Man for the Right Job
Jan 12 2004 // An Exclusive Interview with Gregory Serio Gregory V. Serio, the superintendent of the New York State Insurance Department, is a busy man—moving between Albany, Manhattan, Washington D.C. and elsewhere about the country....
