theft News

Ex-Kansas Insurance Agent Accused of Stealing $2M

Federal prosecutors have charged a former Kansas insurance agent with stealing nearly $2 million from policyholders. The U.S. attorney’s office says a 51-count indictment unsealed June 25 alleges 41-year-old Jason Matthew Pennington, of Bel Aire, defrauded customers and lied to …

Ohio Insurance Agent Sentenced for $39K Theft

A Cincinnati, Ohio-area insurance agent has been sentenced for theft from Hamilton County residents, the Ohio Department of Insurance announced. Former Ohio insurance agent Cecil Young, of Cincinnati, was sentenced to four years on community control with an 18-month suspended …

Industry Faces Cyber Risks in Shift from Tangible to Intangible Property

If Mike McGavick is right, the business world will soon be carrying the equivalent of a massive data base in a cell phone. Technology has moved so rapidly that not only the insurance industry, but also business in general, is …

Rhode Island Sees Rash of Scrap Metal Thefts

First thieves swiped manhole covers from a new subdivision. Then officials discovered that bronze plaques honoring work done during the Great Depression had been pried from sidewalks at Providence’s largest park. Then a historical marker vanished in Pawtucket. Rhode Island …

Allianz, CargoNet Introduce Deductible Waiver Agreement

Allianz Global Corporate & Specialty (AGCS) has announced an agreement with its U.S. affiliate AGCS Marine Insurance Co. and CargoNet, an information network for cargo theft prevention and recovery, to help policyholders protect their motor trucks and cargo in transit. …

ATVs Are Hot Items for Thieves in Louisiana

Bill Hawks is a guy who works extremely hard for the things he has. So, the Blanchard, La., resident was less than enamored one recent Sunday morning when he discovered thieves, too lazy to work for their toys, had relieved …

LulzSec Hackers Say Disbanding After Last Data Dump

The Lulz Security group of rogue hackers announced it was disbanding Saturday with one last data dump, which included internal AOL Inc. and AT&T documents. LulzSec, which gained wide recognition for breaching the websites of Sony Corp, the CIA and …