Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
ALLIANCE SAYS CALIF. EMERGENCY REGS ON FRAUD INVESTIGATIONS ARE UNNECESSARY
Sep 22 2003 // The California Department of Insurance’s proposal to further regulate the special investigations units of insurance companies is excessive and unnecessary according to the Alliance of American Insurers. In written...
$585 Million Settlement at Hand in Credit Lyonnais/ELIC Fraud Case
Sep 22 2003 // Nothing apparently concentrates the corporate mind so effectively as being named in a criminal complaint. A week after a federal grand jury in Los Angeles issued a sealed indictment which reportedly accused it, and...
WC Fraud Earns N.D. Man One-Year Jail Time
Sep 22 2003 // A Williston, N.D., man has become the first employer ever sentenced to serve jail time for committing workers’ compensation fraud in state history, according to a statement from the Insurance Department. Robert...
$585 Million Settlement at Hand in Credit Lyonnais/ELIC Fraud Case
Sep 22 2003 // Nothing apparently concentrates the corporate mind so effectively as being named in a criminal complaint. A week after a federal grand jury in Los Angeles issued a sealed indictment which reportedly accused it, and...
Luxury Vehicles on East Coast Targeted for Theft, Export to Nigeria
Sep 17 2003 // The recovery of 12 vehicles to Baltimore from Antwerp, Belgium announced this week reportedly illustrates a troubling trend in vehicle theft, the targeting of luxury vehicles in the United States for theft and export to...
Louisiana Shuts Down Agent for Multiple Violations
Sep 12 2003 // Louisiana Insurance Commissioner Robert Wooley announced that a former insurance agent (producer) in Haynesville, La., was ordered to cease and desist from all activity in the business of insurance in the latest...
N.J. Man Sentenced for Participation in Phony Staged Auto Accident Scheme
Sep 10 2003 // New Jersey Attorney General Peter Harvey announced that an Essex County man has been sentenced in Superior Court for his reported role in an organized scheme to illegally obtain official police accident reports in order to...
Warsaw N.Y. Man Sentenced in Arson Insurance Fraud Case
Sep 9 2003 // New York’s Superintendent of Insurance Gregory V. Serio, Genesee County District Attorney Lawrence Friedman and Genesee County Sheriff Gary Maha, issued a joint bulletin stating that Michael Puzan, of Warsaw, New...
PIACT to Host “Education Expo”
Sep 9 2003 // The Professional Insurance Agents of Connecticut Inc. will host its annual Education Expo on Tuesday, Sept. 23, 2003, starting at 9 a.m. at the Ramada Inn in Plainville, Conn. The Expo serves “as a meeting place for...
Gov. Bush Sees Hope for Industry in Florida and Nationally
Sep 8 2003 // From medical malpractice to workers’ compensation, Florida Gov. Jeb Bush {R} has been working with insurance industry leaders to solve problems in the Sunshine State during his two terms in office. The issues in...
CWCI’s Nolan Discusses Calif. Workers’ Comp Marketplace
Sep 8 2003 // Insurance Journal staff writer Cynthia Beisiegel recently met up with Michael Nolan, president of the California Workers’ Compensation Institute (CWCI) at the ACIC XIV Annual General Counsel Seminar in Las Vegas....
Cadillac Escalade SUV as Top Theft Target, Worst Overall Theft Losses
Sep 8 2003 // According to the latest report from the Highway Loss Data Institute (HLDI), an affiliate of the Insurance Institute for Highway Safety, the Cadillac Escalade SUV has the most frequent theft claims among 2000-02 model...
Gov. Bush Sees Hope for Industry in Florida and Nationally
Sep 8 2003 // From medical malpractice to workers’ compensation, Florida Gov. Jeb Bush (R) has been working with insurance industry leaders to solve problems in the Sunshine State during his two terms in office. The issues in...
Alliance Says Calif. Emergency Regs on Fraud Investigations are Unnecessary
Sep 4 2003 // The California Department of Insurance’s proposal to further regulate the special investigations units of insurance companies is excessive and unnecessary according to the Alliance of American Insurers. In written...
N.C. Auto Body Manager Arrested on Fraud Charges
Sep 3 2003 // North Carolina Insurance Commissioner Jim Long announced the arrest of Jim Goodman, manager, foreman and estimator for USA Custom Paint and Body Shop of Raleigh, N.C., on six counts of making a false statement to procure...
Ontario Auto Insurance Reforms ‘Excellent News’ for Consumers Says IBC
Sep 2 2003 // The Insurance Bureau of Canada lauded the Ontario government’s enactment of the latest package of automobile insurance reforms, indicating that they will help to cut costs and reduce fraudulent claims. The reforms...
U.S. Attorney Lauds Pa. Commissioner for Help in Fraud Case – Receives $9.2 Million
Sep 2 2003 // Pennsylvania’s Insurance Commissioner, Diane Koken received praise from Patrick Meehan, United States Attorney for the Eastern District, for the help her Department gave federal prosecutors investigating Allen W....
LexisNexis RiskWise Launches Service to Identify Application and Premium Fraud
Aug 29 2003 // LexisNexis RiskWise has developed a new service to more effectively fight the growing problem of insurance fraud. Using the LexisNexis(TM) Rate Evasion Evaluation service, insurance companies can now reportedly detect...
Alleged Auto Fraud Ring Busted in N.C.
Aug 28 2003 // North Carolina Insurance Commissioner Jim Long announced the arrest of five suspects believed to be part of an extensive auto insurance fraud ring operating in Forsyth and Guilford Counties. Criminal investigators from the...
NYSID Announces Arrest of Two Women for Fraudulent WTC Life Claims
Aug 28 2003 // New York’s Superintendent of Insurance, Gregory V. Serio, announced the arrests of Dorothy Johnson and Twila McKee, both of Milwaukee, Wisconsin, on charges of insurance fraud and attempted theft by fraud for...
