All the headlines from our Fraud Topic Page, ordered by recency.
Feb 8 2011 // Each year consumers pay more for their auto and homeowners insurance policies as a direct result of fraud. Unnecessary auto glass repairs, exorbitant towing charges, needless home repairs, total roof replacements, sinkhole...
Feb 7 2011 // A Travis County (Texas) jury recently returned a record-setting verdict for damages against drug manufacturer Actavis Mid-Atlantic LLC, the Texas Attorney General’s office announced. The jury determined that Actavis...
Feb 7 2011 // Fraud is a fact of life for the insurance industry – part of the game so to speak. While some claims, as Lloyd’s notes in an article on its web site, may cause people to smile, the amount of money they cost the...
Feb 3 2011 // The Property Casualty Insurers Association of America (PCI) says it wants New Jersey lawmakers to adopt legislations that would enhance fraud-fighting efforts.The insurers’ trade group, which testified today in...
Jan 31 2011 // Florida officials have charged a Duval County man with allegedly creating a fake company and fake name as part of a workers’ compensation fraud scheme.Florida CFO Jeff Atwater announced the arrest of David...
Jan 28 2011 // An advertising and public relations campaign by the Pennsylvania agency that coordinates insurance fraud prevention activities is increasing the public’s understanding of various kinds of fraud, according to a new...
Jan 28 2011 // Eight Floridians who provided information that led to arrests and convictions in five major insurance fraud cases have been given rewards totaling $50,500.These citizens helped uncover more than $2 million in fraudulent...
Jan 27 2011 // The owner of a Des Moines, Iowa, employment agency has pleaded not guilty to federal fraud charges.Dinesh “Dan” Sethi is accused of scheming to defraud insurance companies out of workers’ compensation...
Jan 26 2011 // The owner of a Des Moines employment agency has been indicted on federal fraud charges, accused of scheming to defraud insurance companies out of workers’ compensation premiums.Dan Sethi, of Ankeny, owns DES Staffing...
Jan 25 2011 // Bank of America Corp.’s Countrywide mortgage unit has been sued by investors claiming they were victimized in a ‘massive fraud” when they bought mortgage-backed securities.The lawsuit was filed on Monday...
Jan 25 2011 // Oklahoma’s new insurance commissioner plans to lay off six of the office’s nine fraud investigators.Commissioner John Doak says the cuts will save $323,000 per year and will enable the office to focus on fraud...
Jan 24 2011 // An Ohio insurance company in late 2010 successfully challenged a class action lawsuit involving uninsured motorist/underinsured motorist (UM/UIM) coverage in a case that played prominently in a campaign to change the way...
Jan 24 2011 // A Massachusetts insurance agent has pleaded guilty to pocketing $43,000 in premiums.Richard Coscia Jr., of Winthrop, an employee of Coscia Insurance Agency, pleaded guilty to over two dozen charges, including insurance...
Jan 24 2011 // New York dropped the last two criminal cases tied to a 2004 bid-rigging scandal involving Marsh & McLennan Cos. after failing to win convictions of any of the eight insurance executives indicted.The state attorney...
Jan 24 2011 // Investors looking to pin blame on auditors for failing to flag risks ahead of the credit crisis are having a hard time getting their cases to stick.All of the “Big Four” auditors have been sued by investors who...
Jan 20 2011 // Washington’s Department of Labor & Industries’ Fraud Prevention and Compliance Program brought in $137.4 million in 2010 for its fraud fighting efforts.The total, detailed in L&I’s annual report...
Jan 19 2011 // An Ohio insurance company in late 2010 successfully challenged a class action lawsuit involving uninsured motorist/underinsured motorist (UM/UIM) coverage in a case that played prominently in a campaign to change the way...
Jan 18 2011 // New York dropped the last two criminal cases tied to a 2004 bid-rigging scandal involving Marsh & McLennan Cos after failing to win convictions of any of the eight insurance executives indicted.The state attorney...
Jan 14 2011 // Two brothers accused of causing more than three dozen car crashes in Fargo, N.D., over two years in an insurance fraud scheme will be jailed for 30 days. The Forum newspaper reports that 44-year-old Sead Mustafic and...
Jan 12 2011 // Barbara Morris died in a house fire set by an insurance arsonist. Bob Harper bought a fake health policy after urgently needing a pacemaker. A homeless man received a pittance after being rammed by a motorist who bought...