Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Calif. Fraud Ring Lands Three in Jail
Nov 20 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...
N.J. Mom Keeps Auto Theft Scam a Family Affair; Son Also Charged
Nov 16 2005 // New Jersey Criminal Justice Director Vaughn McKoy announced that the Division of Criminal Justice – Office of Insurance Fraud Prosecutor has obtained an indictment charging a Union County mother and son with...
Auto Fraud Case Link Suspected as Discarded Medical Records Discovered in Longwood, Fla.
Nov 15 2005 // A trash bin in Longwood, Fla. near Orlando has revealed boxes of medical records containing photographs, names, Social Security numbers and other personal information about chiropractic patients in Lawrence, Mass. treated...
NPR Details Crop Insurance Fraud
Nov 14 2005 // In a detailed new investigation, National Public Radio examined the U.S. Department of Agriculture’s recent allegations that some farmers across the country cheated the U.S. Treasury and insurers out of $160 million...
Md. Cop on the Wrong Side of the Law; Convicted of Insurance Fraud
Nov 12 2005 // Maryland Attorney General J. Joseph Curran, Jr., announced the conviction of a seven year veteran of the Prince George’s County Police Department for insurance fraud. Jermaine Ayala, 30, of Lanham, received an 18...
Mt. Washington Assurance Offers ID Fraud Protection to N.H. Policyholders
Nov 10 2005 // Mt. Washington Assurance Corporation announced the availability of its new Identity Fraud Expense Coverage for its New Hampshire policyholders. Offered as an inexpensive addition to existing homeowners policies, the...
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...
