Six insurance businesses in four states have been searched by federal agents looking for evidence of fraud involving viatical settlements. Agencies in Lexington, Ky., Grand Rapids and Byron, Mich., Lorain and Loveland, Ohio, and Atlanta were all searched.
According to early reports, no arrests have been made and documents relating to search warrants were still sealed. Losses from viatical settlement fraud is estimated at about $1 billion annually.
Topics Agencies
Was this article valuable?
Here are more articles you may enjoy.
Judge Nixes Uber’s RICO Suit Alleging NY Lawyers, Doctors Conspired on Auto Claims 
Willis Towers Watson Accuses Lockton of ‘Smash and Grab’ of Construction Team 
Lawsuit Alleges TWIA Fraudulently Reduced Claim Estimates From Hurricane Beryl 
Nuclear Verdicts Go Boom, Increase 40.7% in 2025 
