Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
ISO Acquires 100 Percent of NetMap Analytics
Feb 27 2002 // Insurance Services Office, Inc. (ISO) has acquired 100 percent of NetMap Analytics LLC, a Columbus, Ohio-based software company that produces visual-link analysis technology used to detect fraud in insurance claims. The...
Pinned With Fraud Charges, Man Surrenders
Feb 26 2002 // Sher Singh, 47, of Rancho Cordova, Calif., surrendered to authorities Feb. 21 and was booked into the Santa Clara County Jail for alleged insurance fraud. On May 11, 1999, Singh allegedly injured his back after bending...
Caught in the Middle: When Agent Representations Lead to Liability
Feb 25 2002 // Questions often arise as to the context and circumstances in which an agent can be liable for misrepresenting coverage, or failing to obtain adequate or appropriate coverage for a customer. When an “all-risk”...
Mass. Broker Indicted on Fraud Charges
Feb 22 2002 // The U.S. Attorney’s Office in Springfield Mass. announced the indictment of David Michael Leja, an insurance broker from Williamstown Mass, on fraud charges relating to “stop-loss” coverage he brokered...
ISO, Seisint to Provide Accurant Products to Insurers to Fight Fraud
Feb 21 2002 // Insurance Services Office Inc. (ISO) and Seisint, Inc. announced a licensing agreement to provide insurers’ claims and special investigation units (SIUs), and subrogation personnel access to a wide range of public...
Near North CEO Indicted on One Count of Fraud
Feb 18 2002 // Former Near North CEO Michael Segal was indicted on one count of insurance fraud by a federal grand jury, for purportedly filing bogus statements regarding the financial condition of his insurance brokerage to state...
ISO, Seisint Sign Deal to Fight Fraud
Feb 18 2002 // Insurance Services Office, Inc. (ISO) and Seisint Inc. have announced a licensing agreement to provide insurers’ claims and special investigation units (SIUs), and subrogation personnel access to a wide range of...
Calif. Car Dealer Charged with Fraud
Feb 15 2002 // Mohamad Maita, 30, turned himself in to authorities after a warrant for his arrest was issued for five felony counts of insurance fraud. He was booked into the Sacramento County Jail, with bail set at $50,000. The...
Prop. 44 Seeks to Reduce Insurance Fraud
Feb 12 2002 // According to the San Diego Union-Tribune, two years ago, legislators passed a reform measure to reduce insurance fraud by enforcing stiffer penalties for doctors and lawyers found engaging in such criminal...
AUTO FRAUD STILL RAMPANT IN CALIF
Feb 11 2002 // A new investigation by the Bureau of Automotive Repair (BAR) reveals widespread billing fraud and repair defects have continued across California, according to the Los Angeles Times. The 18-month investigation was spawned...
Insurers, Companies Look to Stem the Tide of Cargo Theft
Feb 11 2002 // Staying one step ahead of criminals is a challenge for both the companies that transport cargo and the insurers who provide coverage for them. As the criminal gets smarter and comes up with new ways to steal,...
Texas Workers’ Comp Fraud
Feb 11 2002 // A Travis County District Court sentenced Liza Fortune on charges of insurance fraud and ordered her to pay $15,013.89 in restitution to Texas Mutual Insurance Company. Fortune’s two-year sentence was suspended for...
Calif. Man Surrenders on Fraud Charges
Feb 5 2002 // Michael Vannostran, 24, of San Clemente, surrendered after an arrest warrant was filed by the Orange County District Attorney’s Office charging him with two counts of insurance fraud. Vannostran surrendered at the...
Investigation Reveals Widespread Auto Fraud Continues in Calif.
Feb 4 2002 // A new investigation by the Bureau of Automotive Repair (BAR) reveals widespread billing fraud and repair defects have continued across California, according to the Los Angeles Times. The 18-month investigation spawned last...
Charles Wilker Named to Penn Fraud Board
Feb 1 2002 // Charles G. Wilker of Wexford, Pennsylvania, a 16-year insurance-fraud investigator and former State Police Trooper, has been named to serve on the board of directors of the state’s Insurance Fraud Prevention...
Near North Insurance Brokerage Exec Charged with $20M In Fraud
Jan 31 2002 // According to the Chicago Tribune, Michael Segal, CEO of Near North Insurance Brokerage, was arrested on Jan 26 and charged with insurance and mail fraud in a Chicago federal court. The formal complaint alleges that Segal...
Calif. Man Arrested for Auto Insurance Fraud
Jan 30 2002 // Investigators from the Fresno Regional Office of the California Department of Insurance (CDI) Fraud Division, served a warrant for arrest on Ali Saeed Echtibi at his residence in Fresno for his alleged involvement in a...
Bill Creating Fraud Unit Introduced in Indiana
Jan 29 2002 // A bill that would create an insurance fraud unit dedicated to investigating and preventing insurance fraud has been introduced in the Indiana Legislature. Under HB 1374, which was introduced by state Rep. Mike Smith, a...
IRC Cites Fraud as Cause of NYC Claims Jump
Jan 29 2002 // A new study by the Insurance Research Council (IRC) has concluded that a 20 percent increase in claims costs in the New York metropolitan area is primarily due to widespread fraud targeting the state’s no-fault...
If at first you don’t succeed…
Jan 28 2002 // Terry Thomas, 31, of Downey, Calif., was sentenced in Los Angeles Superior Court to five years in state prison on one count of insurance fraud and one count of conspiracy to commit insurance fraud. Thomas’ conviction...
