Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
Ohio Insurance Department Reorganizes Fraud Division
Aug 9 2005 // Ohio Insurance Director Ann Womer Benjamin today announced the reorganization of the Department’s Office of Investigative and Licensing Services to create a Fraud and Enforcement Division and a Market Regulation and...
Zurich Appoints Flood as North American Crime Product Manager
Aug 9 2005 // Zurich, one of the nation’s largest property/casualty insurance companies, announced that Daniel Flood has joined its North American operations as crime product manager. In this role, Flood will have oversight for...
BILL TO PROTECT AGAINST DISCOUNT CARD FRAUD:
Aug 8 2005 // New legislation in Oklahoma that defines discount medical plans and protects consumers against high-pressure sales tactics and misleading information is welcome, according to Insurance Commissioner Kim Holland. Companies...
Indiana-Based Insurance Scammers Get Fla. Prison Time
Aug 5 2005 // The operators of an Indiana-based insurance company that left 7,200 people with unpaid medical claims in one of the costliest, most extensive fraud schemes in Florida were sentenced to prison Wednesday, Florida officials...
Okla. Man Pleads Guilty to Workers’ Comp Fraud
Aug 4 2005 // A Duncan, Okla., man will pay more than $15,000 in restitution after pleading guilty to workers’ compensation fraud in Oklahoma County District Court, according to State Attorney General Drew Edmondson. Curtis Ray...
Insurers Hail N.Y. Physician Decertification Fraud Reform
Aug 4 2005 // Insurance companies are applauding New York Gov. George Pataki for signing legislation that they say will assist them in their efforts to fight insurance fraud. Pataki signed A.8376, the physician decertification bill,...
Agent Arrested for Defrauding, Faking S. Fla. Seniors’ Policies
Aug 4 2005 // An insurance agent who targeted victims between the ages of 72 and 86 and fed on their fears about aging has been arrested for defrauding at least nine South Florida senior citizens by offering them a quote for one level...
N.J. Man Finds Workers’ Comp Fraud Doesn’t Pay
Aug 3 2005 // New Jersey Division of Criminal Justice Director Vaughn McKoy announced that a Gloucester County man has pleaded guilty to theft and falsifying records for fraudulently collecting more than $11,000 in workers’...
Fla. Acupuncturist, Two Patients Charged With Fraud
Aug 2 2005 // A Jacksonville acupuncturist and two of his patients are facing fraud charges after an investigation by the Department of Financial Services’ Division of Insurance Fraud and the National Insurance Crime Bureau...
Reinsurers Sue AIG Alleging Claims Fraud; AIG Denies All Wrongdoing
Aug 1 2005 // A group of 18 insurers is suing American International Group and bankrupt fronting company Trenwick America Reinsurance Corp. for allegedly scheming to collect as much as $73 million in what the insurers claim are...
Okla. Man to Serve 9 Years for Workers’ Comp Fraud
Jul 29 2005 // A Tulsa County, Okla., man was given a 15-year sentence after pleading guilty to one count of workers’ compensation fraud in Tulsa County District Court, according to State Attorney General Drew Edmondson. Edmondson...
Former La. Agent Charged in Forgery, Theft Scam
Jul 29 2005 // Louisiana Commissioner of Insurance Robert Wooley announced that a former insurance producer from Mansura, La., was arrested and issued a cease and desist order for allegedly misappropriating insurance funds. Gordon Mark...
TDI Lists June Enforcement Actions
Jul 28 2005 // The Texas Department of Insurance announced enforcement actions taken by Commissioner Mike Geeslin that became final during June. The actions include two license revocations, three license denials and fines and restitution...
LIU Opens Fidelity Division
Jul 27 2005 // Liberty International Underwriters (LIU) has announced plans to start a dedicated U.S. fidelity bond department. Gerry Mogan, vice president of fidelity and Melissa Schwartz, fidelity underwriting manager have been brought...
Bay Area Agent/Broker Pleads Guilty
Jul 27 2005 // A former California insurance broker/agent faces up to 20 years in prison after pleading guilty in New York to conspiracy charges related to insurance fraud. The case stems from the findings of a joint investigation by the...
Recovering from ID Theft Can Be Difficult, Costly, Victims Report
Jul 26 2005 // Twenty-eight percent of identity theft victims indicate they have not been able to restore their identities, despite averaging more than a year trying. Results of a survey of 1,097 identify theft victims by Nationwide...
Lawyers Plead Guilty in SoCal Car Insurance Fraud Ring
Jul 25 2005 // Two attorneys pleaded guilty Friday in connection with a Southern California insurance fraud ring that allegedly staged vehicle collisions and filed false insurance company claims, officials said. Curtis Mitchell Shaw, 61,...
N.C. Task Force Formed to Identify, Fight Medicaid Fraud
Jul 22 2005 // Medicaid fraud consisting of financial abuses by doctors, providers and patients will be targeted by a new 10-member fraud unit being formed in North Carolina. “We have to ensure that every Medicaid dollar is well...
Business Leaders Launch Campaign to Combat Data Fraud, Losses
Jul 22 2005 // After a string of high-profile data thefts and losses, business leaders this week announced an education campaign to better protect sensitive client information from hackers and other thieves. “The fraudsters are...
Insurance Journal Airs Fight against Fraud
Jul 21 2005 // Fraud costs the insurance industry between $85 billion and $120 billion a year, according to the Insurance Information Institute (I.I.I.). Independent agents, claims adjusters, and most importantly consumers are impacted...
