insurance fraud News

Maryland Insurance Administration Recovers $11.7M in Claims Settlements in 2017

The Maryland Insurance Administration (MIA) responded to 12,188 consumer complaints and inquiries in 2017, facilitating claims settlements and refunds totaling $11,766,213 for Maryland consumers, according to a press release issued by the administration. While the Insurance Administration cannot actually settle …

Maryland Issued $466K in Insurance Fraud Fines, Penalties in 2017

For the calendar year 2017, Maryland Insurance Commissioner Al Redmer Jr. authorized civil orders and criminal charges totaling $466,261 in fines, penalties and restitution to 77 citizens charged with committing insurance fraud. “Our Insurance Fraud Division continues to investigate all …

Unlicensed Contractor Sentenced to Prison for Fraud in Massachusetts

An unlicensed home improvement contractor whose false promises left an elderly Massachusetts woman’s home in ruins and others temporarily homeless is heading to prison. The Salem News reports that 49-year-old Jaime Ford was sentenced to two years in prison Thursday …

Insurance, Finance Fraud in UK Jumps to $2.9B, a 15-Year High

Fraud in the U.K. rose to 2.1 billion pounds ($2.9 billion), the most in 15 years, as the police commander in charge of fighting the crime said the amount of evidence was setting back investigations. The value of finance and …

Texas Regulators Reveal 2017’s Top Insurance Fraud Cases

Texas Department of Insurance fraud investigations in 2017 resulted in 135 suspects referred for prosecution, 113 indictments, and $2.3 million in court-ordered restitution for victims. TDI described some of the most significant cases resolved last year as: Gainesville, Texas, clinic …

Fighting Low Level Fraud is Fighting Big Time Fraud

I saw an article today in Insurance Journal that was interesting to me as an insurance professional in the great state of Florida. The article discussed a case on insurance fraud in Florida related to Hurricane Irma. Florida Disaster Fraud …

Michigan Insurance Agent Sentenced for Embezzling $800K from Clients

A suburban Detroit insurance agent has been sentenced to at least six years in prison for embezzling more than $800,000 from a dozen elderly clients. Paul Garceau Jr. of Grosse Pointe Park had pleaded guilty to embezzlement by an agent …

5 Sentenced in Ohio for Insurance Fraud

The Ohio Department of Insurance reported that five people were recently sentenced for insurance-related crimes following investigations by the department. Clermont County/Shandell Thomas and Aaron Thomas In October, Shandell Thomas, of Cincinnati, was sentenced in court to five years of …

Guilty of Insurance Fraud, Illinois Chiropractor Gets 20-Month Prison Term

A suburban Chicago chiropractor has been sentenced to 20 months in prison for billing an insurance company more than $4 million for treatment that was unnecessary or never provided. Federal prosecutors said Thursday 46-year-old Steven Paul of Northbrook pleaded guilty …

Texas Pilot Pleads Guilty to Insurance Fraud in Gulf of Mexico Crash

A Texas pilot who survived a 2012 Gulf of Mexico plane crash and used an iPad to record his time in the water acknowledges it was insurance-related fraud. Theodore Robert Wright III pleaded guilty on Dec. 7 in Tyler to …