Latest Fraud Headlines
All the headlines from our Fraud Topic Page, ordered by recency.
ABI Calls for Action as Fraudulent Accident Claims Rise by 18%
May 30 2014 // The Association of British Insurers latest study concludes that “the value of fraudulent insurance claims uncovered by insurers rose to a record £1.3 billion [$2.177 billion] in 2013, up 18 percent on the previous...
Argo Pro Adds Commercial Crime Insurance to Management Liability Portfolio
May 29 2014 // Argo Pro, a member of Argo Group International Holdings, Ltd., an international underwriter of specialty insurance and reinsurance products, has expanded its line of management liability insurance products with a new...
North Carolina Start-Up’s Software Tracks Fraud in Packaging, Documents
May 29 2014 // By snapping a picture with his mobile phone, Hersh Tapadia demonstrated how an app developed by the Durham-based anti-counterfeiting technology company CertiRx Corp. could find fraudulent changes on a prescription drug...
Arrests in California Fraud Ring Targeting Auto Dealers and Insurers
May 23 2014 // A four-year investigation into an organized fraud ring has uncovered a million-dollar scheme targeting high-end vehicles through auto loan and insurance fraud has led to several arrests, according to the California...
Missouri Legislature OKs Criminal Checks for Health Advisers
May 23 2014 // Despite a federal court order against their current law, Missouri legislators voted to toughen requirements even further for people seeking to work as insurance guides under President Barack Obama’s health care...
People
May 19 2014 // FrankCrum, a national professional employer organization, added Rodney Vaughn as broker manager, responsible for increasing the company’s presence in Texas, and forging relationships with insurance agents and...
N.J. Authorities Warn Residents About Sandy Recovery Program Scams
May 13 2014 // New Jersey authorities are warning local residents about potential Superstorm Sandy recovery program scams. Officials are advising Sandy recovery program participants to be cautious when contacted by home visit, email, or...
Criminal Charges Filed in Quebec Railway Crash
May 13 2014 // Montreal, Maine & Atlantic Railway Ltd. and three of its employees have been charged with criminal negligence in connection with the derailment and explosion of a train in Lac-Megantic last year, Quebec’s...
Oklahoma Insurance Agent Pleads Guilty in $300K Fraud Case
May 12 2014 // A Tulsa insurance agent has pleaded guilty to exploitation of the elderly for defrauding a Muskogee couple out of nearly $300,000, the Oklahoma Insurance Department announced. Presley Keith Dennis was arrested in January...
Wisconsin AG Candidate Not Sure About Criminalizing First DUIs
May 12 2014 // Wisconsin attorney general hopeful Susan Happ isn’t convinced criminalizing first-time drunken driving offenses would be the right move. Happ told a WisPolitics.com luncheon that first-time drunken drivers already...
Report: Ohio Has Most Metal Thefts in U.S.
May 9 2014 // Ohio continues to lead the nation in metal thefts, with 1,446 insurance claims made last year, according to a new report. A National Insurance Crime Bureau report said the state reported more than 4,000 claims from 2011...
Texas Regulators Name McWhorter Fraud Unit Employee of the Year
May 8 2014 // Lt. Donald McWhorter is the 2014 Texas Department of Insurance (TDI) Fraud Unit Employee of the Year. McWhorter was recognized for his successful career in law enforcement and fraud investigation during the 16th Annual TDI...
Former CFO of Prominent NYC Charity Admits Guilt in Thefts
May 7 2014 // Another former executive of a prominent New York City charity has pleaded guilty to conspiracy and grand larceny in what authorities now call a scheme to steal $9 million over two decades. Herbert Friedman, ex-chief...
Terre Haute, Indiana Sees Rise in Mo-Ped Thefts
May 6 2014 // With gas prices close to $4 per gallon, Terre Haute resident Russell Moffatt had been happy to park his gas-guzzling pickup truck in favor of a fuel efficient mo-ped that he could ride to work. That is, until someone stole...
Security Expert Practices ‘Cyber-Hygiene’ to Guard Against ID Theft
May 6 2014 // You won’t find security expert Michael Chertoff doing silly everyday things like using public WiFi, logging in with the same password on every site he uses, clicking on dubious links or falling for a phishing...
Warning Signs of Claimant Fraud
May 5 2014 // 1. Monday Morning: The alleged injury occurs first thing on Monday morning, or the injury occurs late on Friday afternoon but is not reported until Monday. 2. Employment Change: The reported accident occurs immediately...
Workers’ Compensation Fraud: The Insurance Producer’s Role
May 5 2014 // There are essentially two types of workers’ compensation fraud – premium fraud and claimant fraud – and insurance producers can play a role in the discovery and resolution of both, according to one investigator...
Ex-CEO Admits Stealing From Charity With Insurance Scam
May 5 2014 // The politically connected former CEO of a prominent New York City charity admitted on April 23 he helped steal more than $9 million from the organization in an insurance scheme that authorities linked to campaign...
1966 Red Mustang Returned to Owner 20 Years After Being Stolen
May 4 2014 // Betsy Montgomery, drove the same car on her 55th birthday that she drove as a 15-year-old living in south Jackson, Mississippi — a 1966 red Mustang that her dad bought from the original owner in 1973. How she got the...
Wisconsin Loggers Stealing Valuable Walnut Trees
May 1 2014 // Loggers spurred by the high price of walnut wood have been illegally cutting down trees on private property in southern Wisconsin, a sheriff said. Rock County Sheriff Robert Spoden told Wisconsin State Journal this week...
