All the headlines from our Fraud Topic Page, ordered by recency.
Jan 28 2010 // Law enforcement agents from Britain and Iceland searched the premises of Icelandic insurer Exista HF on Tuesday in a probe related to the trading of shares in other companies.The company said Tuesday its offices in...
Jan 28 2010 // The Kansas Insurance Department (KID) reported that a former Kansas City-area insurance agent has been convicted on federal charges of insurance and mortgage fraud, and handed a 15-year jail term.Investigators from the KID...
Jan 28 2010 // BlueCross BlueShield of Tennessee says the theft of computer hard drives containing personal information on hundreds of thousands of members has already cost the insurer more than $7 million. The insurer has already...
Jan 26 2010 // Florida’s state-backed property insurer will seek competitive bids on part of a contract to reinspect as many as 400,000 properties that have been awarded $700 million in mitigation discounts off their insurance...
Jan 25 2010 // A 63-year-old former bookkeeper at a Dalton, Georgia insurance brokerage is facing federal charges she embezzled more than $1 million from her employer.Prosecutors say Carolyn Lynn Cherry of Chatsworth forged her...
Jan 25 2010 // The UK’s National Fraud Authority’s Annual Fraud Indicator has concluded that fraud costs the UK over £30 billion [$48 billion] a year.The finding prompted an immediate response from the Association of...
Jan 24 2010 // State insurance fraud fighting bureaus are seeing a significant spike in fraud cases while trying to manage with lower budgets and staffing in the down economy of 2009.Cases increased in all 15 types of fraud schemes,...
Jan 24 2010 // With insurance agents across the nation breathing a sigh of relief that 2009 is behind them, their focus has turned to the future: What will 2010 bring for the industry? These emergent issues are important not only for...
Jan 21 2010 // Mark Camacho, 41, of Cedar Hill, Texas, a former employee of Americo Life Insurance Co., was sentenced in federal court for stealing more than $900,000 from the carrier and its agents’ commission accounts.Chief U.S....
Jan 20 2010 // The Insurance Council of Texas (ICT) and the College Station Police Department are expanding a crime prevention campaign aimed at preventing auto thefts and auto burglaries. The program involves the funding and...
Jan 20 2010 // State investigators are trying to determine the scope of a check fraud scheme that they say could count hundreds of Minnesota businesses among its victims.The woman at the center of the investigation is a former employee...
Jan 20 2010 // The Securities and Exchange Commission today charged General Re Corp. for its involvement in separate schemes by American International Group (AIG) and Prudential Financial, Inc. to manipulate and falsify their reported...
Jan 14 2010 // Four former insurance agents have pleaded guilty for their role in a scheme to steal hundreds of thousands of dollars in premiums, New Jersey’s attorney general said.They are Thomas Hurd, of Bensalem, Pa., William...
Jan 12 2010 // Missouri Attorney General Chris Koster reported that his office saw a dramatic increase in the amount of collections and convictions for workers’ compensation fraud and for noncompliance with mandatory workers’...
Jan 11 2010 // State insurance fraud fighting bureaus are seeing a significant spike in fraud cases while trying to manage with lower budgets and staffing in the downturned economy of 2009, according to a survey by the Coalition Against...
Jan 10 2010 // Twenty-four people, including 17 New York residents, six from New Jersey and one Pennsylvania resident, have been charged with insurance fraud and other related offenses after falsely claiming to be Pennsylvania residents...
Jan 10 2010 // With a $2 billion state budget deficit looming, Arizona may become the first state in the country to abolish the anti-fraud unit of its Department of Insurance.Should Arizona do that, insurance rates in the state could...
Jan 8 2010 // Two Pennsylvania insurance agents accused of stealing more than $1 million that was supposed to pay for workers’ compensation and liability insurance for six Berks County public school districts, have been arrested...
Jan 7 2010 // The fight against fraud in the workers’ compensation system brought in $128 million to Washington last year, according to a new report from the state Department of Labor & Industries (L&I). In addition to...
Jan 5 2010 // U.S. securities fraud lawsuits slid in 2009 as stocks rose and the credit crisis eased.Investors filed 169 prospective securities class-action lawsuits in 2009, down 24 percent from 223 in the prior year, according to a...