Insurers have offered some level of digital capabilities for sales and service for years, but customers’ and distributors’ adoption has been slow. When the COVID-19 pandemic emerged, carriers had to evolve their digital offerings seemingly overnight. While this shift to digital improved customer experience, sped up service and policy issuance and cut costs, it also opened up opportunities for bad actors to commit financial and identity fraud.
Allegations don’t get much more despicable than the scheme Manhattan federal prosecutors laid out in an indictment and accompanying press release on Wednesday.
Federal prosecutors said Terrence Williams, who once played for the New Jersey Nets, had orchestrated a scheme that led to the filing of nearly $4 million in fraudulent medical claims.
A Houston businessman has been sentenced to two years in federal prison and ordered to pay more than $1.8 million in restitution – nearly five times the money he collected in an insurance fraud scheme.
Ten members of an auto theft and distribution operation were indicted for their roles in the theft and/or criminal possession of 45 vehicles during a six-month period and their roles related to the theft and resale of more than 225 vehicles throughout New York City and Westchester.
Former Oklahoma Insurance Commissioner John Doak has been appointed to the Amicus Committee of the Coalition Against Insurance Fraud, it was announced Monday.
The US Justice Department has announced that two lawyers and two surgeons in New York have been indicted on mail- and wire-fraud charges, for their alleged role in a complex $31 million insurance fraud scheme involving staged accidents that spanned five years.
A tip about a stolen car in a Fort Bend County subdivision led investigators to a multi-million dollar luxury vehicle theft ring, according to the Fort Bend County sheriff.
The onslaught of fraudulent medical records began with a case in which an entire family, young children included, claimed they had been in separate ATV accidents that each warranted a significant surgery.
In 2017, there was a large house that was insured under a homeowners policy issued by the defendant to the plaintiff and his then-wife. A fire completely destroyed the house on May 16, 2017.
The South Carolina Department of Insurance (SCDOI) has entered into a Memorandum of Understanding (MOU) with the South Carolina Law Enforcement Division (SLED) to transfer insurance fraud enforcement to the SCDOI.