Taco Truck Owner Arrested After Staging Robbery and Arson for Insurance Payout
A Visalia taco truck owner has been arrested for staging a robbery and arson in an attempt to defraud insurance companies. Surveillance footage and a linked accomplice led authorities to uncover the plot, resulting in charges of conspiracy, arson, and insurance fraud.
August 14, 2024
Auto
Fraud
Litigation
Property
California
SEC Targets NovaTech and Leaders in $650 Million Global Crypto Scheme
The SEC has charged NovaTech Ltd. and its principals with defrauding over 200,000 investors in a $650 million crypto scheme, targeting the Haitian-American community and relying on a multi-level marketing structure to solicit funds.
August 14, 2024
Fraud
Legislation & Regulation
Litigation
Technology
California
Florida
New York
Massive Data Breach Hits National Public Data, Exposing Nearly Three Billion Records
A breach at National Public Data has exposed 2.9 billion records, including names, addresses, and Social Security numbers, making it one of the largest data thefts ever reported.
August 8, 2024
Fraud
Litigation
Risk Management
Technology
California
Multimillion-Dollar Insurance Fraud Ringleader Admits Guilt in Spokane
William Oldham Mize, the mastermind behind a multimillion-dollar insurance fraud scheme involving staged accidents, pled guilty in Spokane Federal Court. The scheme spanned multiple states and involved numerous conspirators, resulting in over $6 million in fraudulent insurance claims.
August 8, 2024
Auto
Fraud
Insurance Industry
Litigation
California
Florida
Idaho
Nevada
Washington
Florida Extends Contract Rescission Period for Public Adjusters After Hurricane Debby
Following Hurricane Debby, Florida’s CFO issued an emergency order extending the period for property owners to cancel contracts with public adjusters from 10 to 30 days and implementing new regulations for adjuster conduct.
August 8, 2024
Catastrophe
Fraud
Legislation & Regulation
Property
Florida
AI Boosts Insurtech Financing Amid Deepfake Risks, Report Says
Global insurtech financing rose 40% to $1.27 billion in Q2, largely driven by AI-focused investments, according to reinsurance broker Gallagher Re.
August 7, 2024
Fraud
Insurance Industry
Risk Management
Technology
Austin ISD CFO Arrested on Insurance Fraud Charges and Placed on Leave
Austin Independent School District CFO has been placed on leave following an arrest on insurance fraud charges.
August 7, 2024
Education & Training
Fraud
Legislation & Regulation
Litigation
Texas
Insurance Executive Pleads Guilty to $1.5 Million Fraud Scheme
James Keating pleads guilty to defrauding Allied World Insurance Company of nearly $1.5 million. Keating, a former Assistant Vice President and surety bond claims handler, carried out the fraud while working for Allied World and later U.S. Fire Insurance Company.
July 31, 2024
Fraud
Insurance Industry
Liability
Litigation
Connecticut
Pennsylvania
Historic $3.75M Workers’ Rights Settlement Benefits Over 1,200 D.C. Construction Workers
In a landmark settlement, more than 1,200 construction workers in Washington D.C. will receive restitution for lost compensation and sick leave, marking the largest workers’ rights deal in the city’s history.
July 30, 2024
Fraud
Legislation & Regulation
Litigation
Workers' Compensation
District Of Columbia
Maryland
Virginia
Man Faces Charges in Houston Roofing Fraud Case
A Galveston County, Texas man is charged with felony criminal mischief for allegedly damaging a roof to file a fraudulent storm damage insurance claim, authorities report.
July 30, 2024
Fraud
Insurance Industry
Litigation
Property
Texas
Alabama Woman Charged with Defrauding College and Local Businesses of Thousands
An Alabama woman faces charges for allegedly defrauding insurance companies, a local community college, and businesses of approximately $77,000, according to a Houston County Grand Jury indictment.
July 30, 2024
Fraud
Insurance Industry
Legislation & Regulation
Litigation
Alabama
HealthEquity Data Breach Exposes Information of 4.3 Million Individuals
HealthEquity reported that a cybersecurity incident compromised the personal information of 4.3 million individuals, involving a partner’s credentials to access sensitive health data.
July 29, 2024
Fraud
Life & Health
Risk Management
Massive Scam Exploits Proofpoint’s Email Flaw, Sends Millions of Spoofed Messages
An unknown threat actor exploited an email misconfiguration in Proofpoint’s system, sending millions of spoofed emails from reputable companies like Best Buy and IBM, highlighting vulnerabilities in email security infrastructure.
July 29, 2024
Fraud
Risk Management
Technology
Former Adjuster Admits to $268K Auto Insurance Fraud Scheme
A former claims adjuster from Aurora has confessed to stealing over $268,000 from her employer by filing fraudulent auto insurance claims, resulting in felony theft charges for her and two accomplices.
July 29, 2024
Auto
Fraud
Insurance Industry
Litigation
Colorado
Florida
Maryland Woman Faces Charges for Alleged $180K Insurance Fraud
A Maryland woman is accused of filing fraudulent insurance claims worth over $180,000, using false damage photos and documents in her submissions to USAA.
July 29, 2024
Fraud
Insurance Industry
Litigation
Property
Maryland
