All the headlines from our Fraud Topic Page, ordered by recency.
Mar 30 2022 // Ransomware criminals are adding even more tools to their toolboxes, and companies are finding it harder to stay on top of the trends, according to guests on the most recent episode of The Insuring Cyber Podcast.Jeff...
Mar 25 2022 // A handful of London insurance firms are being investigated for bribery and corruption by the UK’s Serious Fraud Office, according to people familiar with the probe.The fraud cops are examining the way firms,...
Mar 24 2022 // Formerly licensed California insurance agent has been charged with 11 felony counts including identity theft, grand theft and embezzlement after allegedly writing 162 fraudulent policies in an attempt to gain unearned...
Mar 21 2022 // Cyber claims from small and midsize businesses saw a “material uptick” in 2021, with funds transfer fraud a main culprit, according to cyber insurance and security firm Coalition.According to its 2022 Cyber...
Mar 21 2022 // A federal grand jury in Midland, Texas, returned an indictment charging an oilfield company and an executive of the company with worker safety and environmental crimes.According to court documents, Aghorn Operating Inc....
Mar 18 2022 // Two North Carolina insurance agents have been accused of submitting false insurance claims to collect more than $30,000, authorities said.The N.C. Department of Insurance said in a news release that Christian LaFabian...
Mar 17 2022 // This edition of International People Moves details appointments at AXA XL, Willis Towers Watson and Sedgwick.A summary of these new hires follows here. AXA XL Promotes 2 Regional Managers in EuropeAXA XL announced the...
Mar 17 2022 // A rash of railcar thefts in the Los Angeles area may have given a different impression, but nationally the number of reported cargo thefts dropped by 15% in 2021 compared to the prior year, according to CargoNet’s...
Mar 10 2022 // U.S. authorities on Tuesday filed criminal charges against a cryptocurrency executive and civil charges against him and his sister, accusing them of defrauding retail investors out of millions of dollars with a digital...
Mar 9 2022 // A Florida woman who said she was kidnapped, raped and thrown out of a vehicle last year has now been charged with insurance fraud. Alma Delia Duran, 54, of Summerfield, sparked a manhunt in March 2021 around Ocala, in...
Mar 9 2022 // A federal grand jury in Midland, Texas, returned an indictment charging an oilfield company and an executive of the company with worker safety and environmental crimes.According to court documents, Aghorn Operating Inc....
Mar 8 2022 // A central North Dakota farmer has pleaded not guilty to crop insurance fraud.Kent Pfaff, 58, of the Washburn area, has been released on a personal recognizance bond. U.S. District Judge Daniel Hovland on March 3 scheduled...
Mar 7 2022 // An insured’s plea of nolo contendere to criminal charges does not trigger a criminal acts exclusion in a homeowners insurance policy governed by state law, the Connecticut Supreme Court recently ruled.A federal court...
Mar 7 2022 // Carmen Hall Soruco, 70, and her husband Antonio Soruco, 75, both of Novato, California, were sentenced after pleading guilty to workers’ compensation fraud charges.Hall was sentenced on multiple felony counts to two...
Mar 4 2022 // The U.S. Justice Department’s top priority in rooting out corporate malfeasance is to hold individuals accountable, Attorney General Merrick Garland said March 3 as he detailed a shift in focus and resources at the...
Mar 2 2022 // Cartier sued Tiffany & Co on Monday, accusing its luxury rival of stealing trade secrets concerning its high-end jewelry from an employee it lured away in December, in a sign competition in the fast-growing jewelry...
Mar 2 2022 // Cyber claims from small and midsize businesses saw a “material uptick” in 2021, with funds transfer fraud a main culprit, according to cyber insurance and security firm Coalition.According to its 2022 Cyber...
Mar 2 2022 // A former state representative has announced plans to challenge Florida CFO Jimmy Patronis in this fall’s election, and he’s making Florida’s property insurance crisis a central issue.Adam Hattersley, a...
Mar 2 2022 // Both the former owner of a Rogers, Arkansas-based medical supply and billing company and its former chief executive officer have been indicted by a federal grand jury for their roles in three separate conspiracies to...
Feb 24 2022 // Nigeria alleged JPMorgan Chase & Co. ignored “overwhelming” evidence of fraud and stark warnings from its own compliance staff as it kicked off a London trial over transfers to a former oil minister accused...