Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
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...
Ohio Regulators, Nationwide Insurance Warn of Mail Fraud Scheme
Sep 14 2009 // The Ohio Department of Insurance and Nationwide Insurance have issued a warning regarding an international mail fraud scheme that uses the Nationwide name. Consumers in as many as 10 states have reportedly received...
Two Californians Nabbed for Auto Insurance Fraud
Sep 14 2009 // Two residents of San Jose, Calif., have been arrested on automobile insurance fraud charges, after one of them attempted to buy insurance immediately after an accident. “Insurance fraud perpetrators drive up the cost...
Alleged $1.2M in Workers’ Comp Fraud Leads to Arrest in Louisiana
Sep 11 2009 // The Louisiana Workforce Commission (LWC) and the state’s attorney general reported the arrest of a Louisiana couple for alleged workers’ compensation premium fraud. Mauro and Keren Aguirre, owners of Escapade...
P/C Insurers Report Surge in Suspicious Claims
Sep 9 2009 // Property/casualty insurance companies report that the number of claims suspected of possible fraud has jumped 13 percent for the first half of this year compared to last year’s first six months. A review of...
Florida Agents Say Home Mitigation Effort Is Riddled with Fraud, Inefficiencies and Errors
Sep 7 2009 // Florida’s efforts to encourage homeowners to harden their homes to better withstand big storms by giving them insurance premium discounts is not getting the job done, according to a report from insurance agents in...
Bar Association Seeks Exemption for Lawyers from Identity Theft Rule
Aug 31 2009 // The American Bar Association is seeking to bar the Federal Trade Commission from applying its Red Flags Rule, designed to prevent identity theft, to practicing lawyers. An ABA suit filed in the U.S. District Court for the...
New Hampshire Man Convicted of Insurance Fraud
Aug 28 2009 // A Strafford, New Hampshire, man has been convicted of staging a burglary at his home in order to collect insurance money. The attorney general’s office says 28-year-old Bradford Sargent reported the burglary to...
Former Oklahoma Insurance Agent Arrested, Faces Felony Charges
Aug 27 2009 // Oklahoma Insurance Commissioner Kim Holland announced former insurance agent Richard Wallen has been arrested by the Oklahoma Insurance Department’s Anti-Fraud Unit. Wallen has been charged with two felony...
