Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Insurance Industry to Create National Database to Combat Cargo Crime
Sep 30 2009 // By networking existing databases and adding secure reporting and analytic functions, two insurance industry organization hope to create a nationwide information sharing system on cargo crimes. The rating and statistical...
Louisiana Agent Accused of Premium Theft, Unfair Trade Practices
Sep 25 2009 // A Scott, La., area insurance agent has been arrested, issued a cease and desist order, summary suspension of his license and fine notice for alleged misappropriation of premiums and unfair trade practices. Carmen Miller,...
State Auto Offers Enhanced ID Theft Coverage for Married Couples
Sep 25 2009 // The State Auto Insurance Companies, based in Columbus, Ohio, now offer customized Marriage Identity Services, enhancing the lineup of identity protection services available to State Auto policyholders. Through a...
Montana Commissioner Stumps Against Fraud
Sep 25 2009 // Promises of high profits, low risks, and guaranteed returns may sound too good to resist to cash-strapped investors in a recovering economy, but Montanans struggling to avoid getting scammed don’t have to go it...
Louisiana Insurance Agents Fined for Alleged Fraud
Sep 24 2009 // Two Denham Springs, La., insurance agents have been accused of committing insurance fraud, and were served with cease and desist orders, summary suspension notices and fine notices by the Louisiana Department of...
California Sues Madoff ‘Middleman’ Chais for Fraud
Sep 23 2009 // California Attorney General Jerry Brown Tuesday sued Stanley Chais, a Beverly Hills money manager accused in lawsuits by investors and U.S. regulators of channeling hundreds of millions of dollars from Hollywood’s...
Car Theft Ring Targeted U. of Tennessee Football Fans for 10 Years
Sep 23 2009 // Federal authorities say two dozen people arrested earlier this year were part of a sophisticated car theft ring that targeted vehicles at University of Tennessee football home games. Unsealed federal documents examined by...
Las Vegas Malpractice Fraud Case Reinstated by Federal Court
Sep 21 2009 // A federal appeals court has reinstated a criminal case against a Las Vegas attorney and medical consultant accused of participating in a scheme to inflate medical costs, protect doctors from malpractice lawsuits and share...
New York Carpenter Arrested for Workers’ Comp Fraud
Sep 18 2009 // The owner of a Long Island carpentry business has been charged with fraud for failing to disclose over $900,000 in sales to his workers’ comp insurer – a move which lowered his insurance premiums by...
Trial Date Set to Challenge New Texas Fraud Law
Sep 18 2009 // Recently enacted legislation that seeks to criminalize present day ambulance chasing is under attack by a small group of health professionals and lawyers who want to continue the practice, says the Texas Committee on...
Illinois Agent Fined $100K for Allegedly Stealing Premiums
Sep 18 2009 // The Illinois Department of Insurance as revoked the license of an agent and his agency, and fined him $100,000 for keeping his clients’ payments and committing several other frauds. Investigators say Earl D....
Insurers Join Call for Review of Florida’s Insurance Mitigation Discounts
Sep 17 2009 // The arbitrary assignment of premium discounts for certain mitigation features without regard to insurance companies’ base rates or premium calculations for existing business has proven to be the downfall of the...
San Diego Insurance Broker Pleads Guilty to Theft
Sep 17 2009 // Insurance agent Louise May Batchelor, 55, of San Diego, has pled guilty to two felony counts of grand theft. Her sentencing has been set for November 6, 2009 in San Diego Superior Court. According to California Department...
Trial Date Set to Challenge New Texas Fraud Law
Sep 17 2009 // Recently enacted legislation that seeks to criminalize present day ambulance chasing is under attack by a small group of health professionals and lawyers who want to continue the practice, says the Texas Committee on...
Text: Sen. Baucus Introduces to Senate Financial Committee Health Bill
Sep 16 2009 // The following announcment was released by the office of Senate Finance Committee Chairman Max Baucus (D,Mont.). Senate Finance Committee Chairman Max Baucus (D,Mont.) today introduced the America’s Healthy Future...
Lloyd’s Directors & Officers Insurance At Issue in Stanford Fraud Case
Sep 15 2009 // Lloyd’s of London said a federal judge should not allocate the proceeds of a directors and officers insurance policy for accused swindler Allen Stanford and other executives because they have no guarantee of...
Crime Warp: Fake Hate Crimes Lose More Than Money
Sep 15 2009 // Richard Wu’s apparent kidnapping was a near-death experience laced with racial hate. Four men grabbed him and a friend, took them to the New Star Asian Cuisine in Columbus, Ohio, set the place on fire with them...
Former General Re Executive Napier Gets Probation in AIG Fraud
Sep 15 2009 // A former executive of reinsurer General Re Corp. was sentenced to two years probation and fined $10,000 after pleading guilty to helping American International Group cook its books. U.S. District Judge Christopher Droney...
Monroe Employer Arrested in Louisiana Workers’ Comp Crackdown
Sep 15 2009 // The Louisiana Workforce Commission (LWC) announced a third arrest this month as part of the the agency’s statewide crackdown on employers who are alleged to have committed workers’ compensation fraud. Agents...
FBI Reports Crime Declined in 2008
Sep 14 2009 // According to the FBI, the estimated number of violent crimes in the nation declined for the second year in a row. Motor vehicle theft crimes also declined in 2008. FBI statistics show that the estimated volume of violent...
