Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
California Sees Rise in Car Insurance Fraud Tied to Economy
Aug 27 2009 // California Department of Insurance commissioner Steve Poizner today announced in Los Angeles that recently compiled statistics show that financially desperate residents and scam artists may be committing more automobile...
Former Oklahoma Agent Sold Insurance Without a License, AG Says
Aug 25 2009 // A former Vinita, Okla., insurance agent will pay more than $4,400 in restitution after pleading guilty to selling insurance without a license, Oklahoma Attorney General Drew Edmondson reported. William Ronald Harlan,...
Huge Hacking Case Highlights Companies’ Vulnerability to Breaches
Aug 24 2009 // Consumers and companies are vulnerable to hackers and identity thieves even after U.S. authorities arrested a man they said was a master hacker who stole 170 million credit and debit card numbers. Estimates on the total...
Texas Mutual Announces $200K Verdict in Premium Fraud Case
Aug 21 2009 // Texas Mutual Insurance Company reported that Erection Professionals Inc. in Pleasanton has pleaded guilty to workers’ compensation fraud-related charges. A Travis County district court ordered the company to repay...
Californian Held in State Workers’ Compensation Fund $1.4 Million Fraud
Aug 20 2009 // The California Department of Insurance has announced that Joseph Baiden, 56, of Diamond Bar, surrendered yesterday morning to the Los Angeles Superior Court pursuant to an arrest warrant issued for eight counts of...
‘Top Cop’ SEC Newly Aggressive in Attack on Wall Street Fraud
Aug 18 2009 // Wall Street’s top cop has a lot to prove and it’s been taking no prisoners. After enduring a thorough thrashing for its supervision of the now-defunct Bear Stearns and missing Bernard Madoff’s $65 billion...
Former PIANY Prez Dickson Named to Fraud Task Force
Aug 18 2009 // David Dickson has been appointed to the New York Compensation Insurance Rating Board’s (NYCIRB) Fraud Task Force. Dickson has served on the NYCIRB since last year, and originally was named to the committee as the...
Hacker Indicted in Huge ID Theft: 130 Million Credit Cards
Aug 17 2009 // Federal officials announced the indictment of a Miami man in what they say is the largest identity theft ring ever exposed in the U.S. Albert Gonzales, 28, was indicted for conspiring to hack into computer networks...
Florida Insurance Agents Say State’s Home Mitigation Effort Is Failing
Aug 13 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...
Court: Insurer Must Pay Massachusetts for Bonded Thefts
Aug 13 2009 // The Massachusetts Appeals Court has ruled an insurance company must pay the government for its remaining losses from a $9.4 million theft from the Treasury in the late 1990s. The theft remains the largest loss of state...
Korte Named Director of Fraud Investigation for Litigation Solutions
Aug 11 2009 // Jeff Korte has been named director of the Special Investigative Unit for Litigation Solutions. Korte will manage unit, which offers SIU Programming, State Compliance & Reporting and other services for property...
Texas’ June Enforcement Actions Result in $441K in Fines, Restitution
Aug 10 2009 // Enforcement actions taken by Texas Commissioner Mike Geeslin that became final during June included 18 license revocations, five license denials and fines and restitution totaling $441,318, the Texas Department of...
2nd ‘Stanford’ Suit Targets Willis; Terrorist Bombs Kill 9 in Indonesia; Insurance Fraud on the Rise in UK; Lloyd’s ‘Fli
Aug 3 2009 // Willis has been named in a second lawsuit stemming from its relation with indicted financier Allen Stanford. A Venezuelan investor, Reinaldo Ranni, filed a class action in U.S. federal court in Miami on July 17, accusing...
Insurer to Pay Bulk of $900K Settlement in Nebraska Fraud Case
Jul 23 2009 // A group of more than 200 investors who believe they were defrauded by their Nebraska-based brokers will share roughly $900,000 in a settlement with one of their brokers’ former employers. The company’s...
Massachusetts Police Arrest 13 in Auto Insurance Fraud Case
Jul 20 2009 // Thirteen people have been charged with auto insurance fraud in connection with what Massachusetts police say was a staged accident that resulted in more than $76,000 in insurance payouts. Lawrence, Massachusetts Police...
Recession Increasing Insurance Fraud
Jul 20 2009 // Areas Where Agents Might See an Increase in Fraud Does a bad economy increase crime? According to Mike McKee, senior special agent for the National Insurance Crime Bureau, it’s too soon for statistics to confirm...
British Insurers’ Report Denounces Widespread Insurance Fraud
Jul 17 2009 // The UK’s insurers are fighting back in the war against fraud. According to a report published by the Association of British Insurers, “the cost of insurance fraud is now estimated to be £5.2 million [$8.48...
New York Sees Increase in Insurance Fraud Convictions
Jul 17 2009 // The number of insurance fraud arrests in New York was down very slightly in the first half of the year, but conviction are up, according to a newly updated fraud report by the state’s insurance department. The New...
Louisiana Auto Theft, Fraud Authority Launches New Web Site
Jul 13 2009 // Louisiana Commissioner of Insurance Jim Donelon announced that the Louisiana Automobile Theft and Insurance Fraud Prevention Authority (LATIFPA) within the Department of Insurance has launched a new Web site with...
New York Charges Doctors, Hospital Employees with No-Fault Fraud
Jul 9 2009 // New York Attorney General Andrew M. Cuomo announced the indictment of 12 people and 9 corporations across New York City for their roles in an alleged criminal enterprise that paid hospital employees for confidential...
