All the headlines from our Fraud Topic Page, ordered by recency.
Jun 25 2009 // Zion, Ill., resident Reuben Collier Jr. has pleaded guilty to four Class 3 felony charges in Lake County Court, the Illinois Department of Insurance announced. Collier, an insurance agent licensed by the Department,...
Jun 25 2009 // Two licensed insurance brokers with offices in the Brownsville, Texas, area have been charged with conspiracy, mail fraud and wire fraud in a multi-million dollar scheme, according to U.S. Attorney Tim Johnson.The U.S....
Jun 24 2009 // The lawyer for a Gulf Shores insurance agent has asked state officials to grant her a probation period to allow her to make repayments to customers victimized by fraud. Richard Lively said that revoking the license of...
Jun 23 2009 // A Baton Rouge, La., insurance agent has been arrested, served with a cease and desist order, summary suspension order and fine notice for alleged fraud.Henry Leo Beard, Jr., 36, was arrested by agents with the Louisiana...
Jun 22 2009 // An Alabama state judge has ordered former HealthSouth CEO Richard Scrushy to pay nearly $2.9 billion to shareholders who sued over a massive accounting fraud that nearly sent the rehabilitation chain into...
Jun 22 2009 // Arkansas Insurance Commissioner Jay Bradford announced the arrest of Rickey Lynn Warren of Hensley, a former a licensed insurance agent charged with insurance fraud.Warren is accused with taking checks totaling $2,125 for...
Jun 18 2009 // A former business executive was sentenced Tuesday to two years of probation for his role in an accounting scandal that cost shareholders of insurer American International Group Inc. more than $500 million.John Houldsworth,...
Jun 17 2009 // Those who track insurance criminals for a living say that as the economy has worsened, insurance fraud has been on the rise– and they are on the alert for any jump in fraud by property/casualty agents and...
Jun 15 2009 // Insurance fraud has become a nationwide problem, and experts say it’s a problem that has the potential to get worse as people look for ways to cut down on their expenses as the economy tightens.“The special...
Jun 15 2009 // The current financial crisis affects almost every aspect of our business life — that includes insurance. Businesses need to be wise consumers and aware of the legal issues covered by their coverages. Let’s take a...
Jun 15 2009 // The California Senate has passed SB 156 to authorize the Department of Insurance or a district attorney to convene meetings with an insurance company to discuss a specific insurance fraud and would provide that any person...
Jun 15 2009 // Those who track insurance criminals for a living say that as the economy has worsened, insurance fraud has been on the rise — and they are on the alert for any jump in fraud by property/casualty agents and...
Jun 15 2009 // Insurance agents can play a big role in helping states to fight insurance fraud. And with insurance fraud costing California alone $15 billion each year, or $500 per resident, the cost of which is eventually passed onto...
Jun 10 2009 // A downturn in the commodity markets has slowed the number of thefts in the Montgomery, Alabama area.Police in Elmore and Autuaga counties say when scrap copper was selling for $3.50 a pound, they constantly responded to...
Jun 2 2009 // New York-based program manager Insight Catastrophe Group has launched a new division that will provide identity theft programs to personal and commercial lines insurance carriers.The new program includes two supplemental...
Jun 1 2009 // An Arkansas lawyer who rose to prominence in lucrative securities fraud class-action litigation pleaded guilty on Monday to charges of stealing more than $9 million of client money.Lawyer Steven Eugene Cauley told U.S....
Jun 1 2009 // The California legislature is considering amending the state’s insurance code to expand the state’s reporting law in insurance fraud.According to the text of AB 802, existing law requires “an insurer, or...
Jun 1 2009 // The California Senate has passed SB 156, a bill that would authorize the Department of Insurance or a district attorney to convene meetings with an insurance company to discuss a specific insurance fraud and would provide...
Jun 1 2009 // Those who track insurance criminals for a living say that as the economy has worsened, insurance fraud has been rising – and they are on the alert for any jump in fraud by property/casualty agents and brokers.These...
Jun 1 2009 // Insurance agents can play a big role in helping states to fight insurance fraud. In fact, because they are on the front lines of insurance transactions, agents might see and hear things before the insurance company, claims...