Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
HOUSE PASSES WHISTLEBLOWER ACT:
Nov 7 2005 // The Michigan House of Representatives passed H.B. 4577, the Medicaid Whistleblower Protection Statute, by a 106-2 vote. Rep. David Law (R-Commerce Township) unveiled the legislation in March 2005. The statute would amend...
ATTORNEY GENERAL TARGETS SCAMS
Nov 7 2005 // The South Carolina Attorney General’s Office is beefing up its Fraud Division staff to reduce a backlog of cases and answer critics who say the department isn’t tough enough on insurance scams. The office has...
Should the D&O Fraud Exclusion Have More Teeth?
Nov 7 2005 // Imagine that you are a new independent director of a public company. Outside auditors uncovered accounting irregularities within one of the company’s primary sales divisions. An internal investigation led to a...
California Insurance Commissioner Announces Anti-Fraud Guidelines
Nov 7 2005 // California Insurance Com-missioner John Gara-mendi has announced new Special Investigative Unit (SIU) regulations for insurance carriers licensed to conduct business in California. The regulations are a result of a...
Calif. Agent Pleads Guilty to Theft
Nov 7 2005 // A Costa Mesa Insurance agent pled guilty to three felony counts of grand theft and was forced to surrender his insurance license for life following an investigation conducted by the California Department of Insurance (CDI)...
Should the Directors and Officers Fraud Exclusion Have More Teeth?
Nov 7 2005 // Insureds need to understand the circumstances under which their insurer may invoke the fraud exclusion to deny coverage or leverage a reduction in potential payouts. Imagine that you are a new independent director of a...
News Briefs
Nov 6 2005 // ILLINOIS Garrett Bonham, 29, seeks more than $75,000 in a lawsuit filed last month for injuries sustained in his 10 years of employment as a performing knight at the Schaumburg, Ill., Medieval Times, according to the...
News Briefs
Nov 6 2005 // ALABAMA Vesta Reinsurance To Cover Wilma Vesta Insurance of Birmingham, issued a statement saying it has complete reinsurance coverage for Hur-ricane Wilma claims in Florida. “As previously disclosed, Vesta’s...
Should the D&O Fraud Exclusion Have More Teeth?
Nov 6 2005 // Imagine that you are a new independent director of a public company. Outside auditors uncovered accounting irregularities within one of the company’s primary sales divisions. An internal investigation led to a...
California Insurance Commissioner Announces Anti-Fraud Guidelines
Nov 6 2005 // California Insurance Com-missioner John Gara-mendi has announced new Special Investigative Unit (SIU) regulations for insurance carriers licensed to conduct business in California. The regulations are a result of a...
Should the Directors and Officers Fraud Exclusion Have More Teeth?
Nov 6 2005 // Insureds need to understand the circumstances under which their insurer may invoke the fraud exclusion to deny coverage or leverage a reduction Imagine that you are a new independent director of a public company. Outside...
Firm in Fatal Truck Conn. Crash Faces Liquidation; Owner Charged with Fraud
Nov 4 2005 // The owner of a Bloomfield company that is blamed for a deadly chain reaction crash in Avon was arrested Wednesday on charges of attempted insurance fraud and attempted larceny. Just an hour earlier, a Superior Court judge...
Mass. City Honors OneBeacon Employee for Fraud Fight
Nov 4 2005 // Theresa Flaherty, head of the New England Special Investigations Unit of OneBeacon Insurance Co. in Boston, has been recognized by the city of Lawrence, Mass., and Mayor Michael Sullivan for her work and that of OneBeacon...
Calif. Couple, Brothers Nabbed for Felony Auto Fraud Scam
Nov 4 2005 // A husband, his wife, and another man have been arrested on felony auto insurance fraud charges following a California Department of Insurance Fraud Division (CDI) investigation into the alleged theft of the couple’s...
GAO Blasts RMA in Crop Insurance Fraud Study
Nov 3 2005 // Inspections conducted by the Risk Management Agency (RMA) are not being used for maximum effect, according to a study released yesterday by the U.S. Government Accountability Office (GAO). In “Crop Insurance: Actions...
Utah Pharmacy Owner Arrested on Suspicion of Fraudulent Billing
Nov 1 2005 // The owner of the Park City Pharmacy at The Clinic in Utah has been arrested on suspicion of fraudulently billing an insurance company for drugs that never were prescribed. Thomas Evan Strebel, 60, was arrested for...
Insurers Investigate Fires at Flood-Damaged Homes in La.
Oct 31 2005 // Some of the New Orleans homes drowned by the flooding that followed Hurricane Katrina have been damaged by a second calamity – fire, according to the Associated Press. Louisiana investigators and insurance companies...
Denham Springs Man Indicted in Insurance Fraud
Oct 28 2005 // A Denham Springs, La., lawyer accused of submitting doctored records to get money from an insurance company now faces an insurance fraud charge. An East Baton Rouge Parish grand jury indicted 31-year-old Douglas C....
Los Angeles Bus Driver Pleads Guilty to Workers’ Comp Fraud
Oct 27 2005 // A Metropolitan Transportation Authority (MTA) bus driver has pleaded guilty to workers’ compensation insurance fraud after an investigation by the California Department of Insurance (CDI) Fraud Division. Renee Terri...
Calif. Auto Insurance Fraud Ring Lands Three Suspects in Jail
Oct 25 2005 // Three suspects have been arrested following an 11-month investigation by the California Department of Insurance of an auto insurance fraud ring that targeted car rental and insurance companies for fraudulent automobile...
