Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Agents Can Help Fight Insurance Fraud
Jun 15 2009 // Insurance agents can play a big role in helping states to fight insurance fraud. And with insurance fraud costing California alone $15 billion each year, or $500 per resident, the cost of which is eventually passed onto...
Alabama Sees Drop in Copper Thefts
Jun 10 2009 // A downturn in the commodity markets has slowed the number of thefts in the Montgomery, Alabama area. Police in Elmore and Autuaga counties say when scrap copper was selling for $3.50 a pound, they constantly responded to...
Insight Launches ID Theft-Protection Program
Jun 2 2009 // New York-based program manager Insight Catastrophe Group has launched a new division that will provide identity theft programs to personal and commercial lines insurance carriers. The new program includes two supplemental...
Top Trial Lawyer Cauley Pleads Guilty to Fraud in Insurance Case
Jun 1 2009 // An Arkansas lawyer who rose to prominence in lucrative securities fraud class-action litigation pleaded guilty on Monday to charges of stealing more than $9 million of client money. Lawyer Steven Eugene Cauley told U.S....
California Considers Bill to Expand Insurance Fraud Reporting Law
Jun 1 2009 // The California legislature is considering amending the state’s insurance code to expand the state’s reporting law in insurance fraud. According to the text of AB 802, existing law requires “an insurer, or...
California Senate Passes Insurance Fraud Bill
Jun 1 2009 // The California Senate has passed SB 156, a bill that would authorize the Department of Insurance or a district attorney to convene meetings with an insurance company to discuss a specific insurance fraud and would provide...
Investigators Aim to Catch Few Bad Apples in P/C Agent Ranks
Jun 1 2009 // As Economic Conditions Drive Up Fraud, Officials Hope to Prevent Agent Abuses from Spreading Those who track insurance criminals for a living say that as the economy has worsened, insurance fraud has been rising –...
Agents Can Help Fight Insurance Fraud
Jun 1 2009 // Employee Background Checks Essential Insurance agents can play a big role in helping states to fight insurance fraud. In fact, because they are on the front lines of insurance transactions, agents might see and hear things...
Texas Anti-Fraud Bill Goes to Governor
Jun 1 2009 // Texas lawmakers passed HB 148, legislation aimed at telemarketers who contact crash victims by purchasing accident reports from local police departments. The bill now on its way to Governor Perry for his signature makes it...
West Virginia Physician Convicted of Insurance Fraud Seeks Retrial
May 29 2009 // A Marlinton, West Virginia, physician convicted on 29 counts of health care fraud for billing insurers for services he never performed is seeking a new trial. U.S. District Judge Irene Keeley has set a July 2 hearing for...
Supreme Court Nominee Sotomayor Has Record in Business Cases
May 27 2009 // Sonia Sotomayor, nominated by President Barack Obama for the U.S. Supreme Court, has a lengthy record of rulings in business cases as a federal judge in New York. But legal experts said Sotomayor does not appear to be...
Indiana Police Officer Faces Insurance Fraud Charge
May 26 2009 // A St. Joseph County, Ind., police officer who allegedly crashed a rental car while doing emergency driving moves he had recently learned at the police academy has been charged with conspiracy to commit insurance...
2 Kentucky Agents Sentenced for Workers’ Compensation Fraud
May 22 2009 // Two eastern Kentucky insurance agents and an agency employee have been ordered to pay fines, serve probationary sentences and perform public service work on their guilty pleas in a fraud case. The sentences were given to...
Court Approves $843 Million for AIG Investors Hurt By Alleged Fraud
May 20 2009 // A federal court has approved the distribution of more than $843 million to harmed investors at insurer American International Group, the U.S. Securities and Exchange Commission said Tuesday. The court estimates that checks...
Auto Thefts Down Dramatically in Texas But Car Burglaries Rise
May 20 2009 // Praise the work of auto theft task forces or new car manufacturers or both for the dramatic drop in auto thefts in Texas. Criminals are stealing older vehicles simply because they’re finding it harder to bypass...
Recession Increasing Insurance Fraud
May 18 2009 // Areas Where Agents Might See an Increase in Fraud Does a bad economy increase crime? Analysts have debated that question for years, according to Mike McKee, senior special agent for the National Insurance Crime Bureau....
Texas’ March Enforcements Result in $325K in Fines, Restitution
May 12 2009 // Enforcement actions taken by Texas Insurance Commissioner Mike Geeslin that became final during March include eight license revocations, three license denials and fines and restitution totaling more than $325,000. An order...
Hawaii to Expand Insurance Fraud Unit
May 11 2009 // The Hawaii legislature has voted to expand the jurisdiction of the state’s insurance fraud unit. HB 262 will expand the authority of the insurance division’s insurance fraud investigations unit, rename the...
Maine Man Gets 8 Months for Workers’ Comp Fraud
May 11 2009 // A 49-year-old Maine man who was accused of working under the table for Saco-area hotels while collecting workers’ compensation benefits has been sentenced to eight months in jail for theft by deception. Kenneth...
North Carolina Agent Charged With Workers’ Compensation Fraud
May 8 2009 // A North Carolina insurance agent has been arrested, charged with twice failing to remit insurance premiums to the insurance company. North Carolina Commissioner Wayne Goodwin reported the arrest of Sherri Efrid, of...
