All the headlines from our Fraud Topic Page, ordered by recency.
Jul 30 2021 // A North Texas doctor will pay $376,368 in restitution after pleading guilty to mail fraud conspiracy in federal court, the Texas Department of Insurance, Division of Workers’ Compensation reported.Clinton Battle M.D....
Jul 30 2021 // The share of policyholders who filed a cyberattack claim jumped by 50% from the first half of 2020 compared to the first half of 2021, according to a new report by cyber insurer Coalition.An increasing number of attacks...
Jul 30 2021 // FRISS, a provider of AI-focused fraud prevention and detection products for P/C insurers, raised $65 million to help it carve out new product lines and market reach.The company said it serves insurers in more than 40...
Jul 27 2021 // Getaround Inc. will pay $950,000 to Washington, D.C. and revise its business practices after allegations that it misrepresented the benefits and nature of its car sharing services and failed to pay city sales taxes,...
Jul 22 2021 // Jurors convicted suspended Georgia insurance commissioner Jim Beck on 37 counts of mail fraud, wire fraud and money laundering and tax fraud charges.The jury needed about an hour and 20 minutes to return the guilty...
Jul 22 2021 // Georgia’s suspended insurance commissioner testified at his federal fraud trial Tuesday, saying he oversaw valuable work for his former employer and that hundreds of thousands of dollars that flowed to an entity he...
Jul 19 2021 // As “the next digital pandemic,” cyber risks are increasingly becoming a problem for insurers themselves, according to an industry expert.With “a lack of controls at [an] insurer, [you] could have...
Jul 19 2021 // Maricela Pantjoa Vidrio, 31, of Fairfield, Calif., and Areshma Kiran, 35, of Sacramento, Calif., were charged on multiple felony counts of insurance fraud after allegedly conspiring to misrepresent the facts following an...
Jul 16 2021 // Another 17 defendants were arraigned for their alleged involvement in an organized auto insurance fraud ring in California in which dealers reportedly purchased damaged vehicles and then filed inflated claims and even...
Jul 16 2021 // A New York man has been arrested for insurance fraud in the second degree following a year-long criminal investigation.On January 28, 2020, the Ellenville Fire Department requested the Ulster County Fire Investigation Unit...
Jul 15 2021 // A grand jury in Ohio’s Mahoning County on July 6 indicted seven people accused of taking part in a criminal enterprise that burned buildings and faked burglaries to fraudulently collect more than a million dollars...
Jul 13 2021 // The Dallas-area owners and operators of two durable medical equipment companies have been convicted on insurance fraud and money laundering charges, the U.S. Attorney’s Office for the Northern District of Texas...
Jul 12 2021 // South Carolina is transferring its insurance fraud investigations from the attorney general to the insurance regulator.Ray Farmer, director of the South Carolina Department of Insurance (SCDOI), said he has entered into an...
Jul 12 2021 // Georgia Insurance Commissioner Jim Beck will go trial this week on charges that he swindled his former employer out of $2 million to pay personal bills and pump money into his 2018 campaign.The Atlanta Journal-Constitution...
Jul 9 2021 // A Massachusetts man has been sentenced to prison for a fraud scheme to evade payroll taxes and workers’ compensation requirements in the construction industry.U.S. District Judge Marcia Morales Howard has sentenced...
Jul 8 2021 // The global insurance company AXA announced in May it will stop writing cyber insurance coverage in France that reimburses customers for making payments to ransomware criminals. Cyber insurance policies have long covered...
Jul 8 2021 // Maricela Pantjoa Vidrio, 31, of Fairfield, Calif., and Areshma Kiran, 35, of Sacramento, Calif., were charged on multiple felony counts of insurance fraud after allegedly conspiring to misrepresent the facts following an...
Jul 7 2021 // In the past few weeks, ransomware criminals claimed as trophies at least three North American insurance brokerages that offer policies to help others survive the very network-paralyzing, data-pilfering extortion attacks...
Jul 5 2021 // Businesses worldwide are fighting sophisticated data scientists as they battle to protect their data-rich computers from cyber crime – and the costly attacks are not going to stop, an expert at insurer Sompo Holdings...
Jul 5 2021 // Ransomware is all over the news of late — Colonial Pipeline, CNA and JBS plus hospitals, municipalities and many other businesses. If only reading the headlines, you might conclude that ransomware affects primarily...