As Digitizing Increases, So Does Fraud Risk

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.
December 16, 2021 Fraud

N.Y. Feds Allege Litigation Funder Horror Story

Allegations don’t get much more despicable than the scheme Manhattan federal prosecutors laid out in an indictment and accompanying press release on Wednesday.
October 25, 2021 Fraud Litigation New York

18 Former N.B.A. Players Charged With Insurance Fraud

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.
October 7, 2021 Fraud Life & Health New York

Houston Businessman Ordered To Pay Almost $2M For Insurance Fraud

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.
October 1, 2021 Fraud Property Texas

Carriers Saw More Identify Fraud As Digital Activity Spiked

Since the onset of the pandemic, insurance carriers have seen an uptick in consumers’ digital activities across both underwriting and claims.
September 29, 2021 Fraud

High-Tech Theft Ring Busted After Stealing More Than 225 Vehicles

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.
September 24, 2021 Auto Fraud New York

Two Sentenced For Massive Crop Insurance Fraud Scheme

Two men who facilitated millions of dollars worth of fraud in crop insurance in Central Kentucky have been sentenced to federal prison.
September 13, 2021 Fraud Kentucky

Theft Scheme Explains Charred Tesla On Frozen Vermont Lake

You may recall the story of a Tesla Model X that burned down on the frozen surface of Lake Champlain’s Shelburne Bay in Vermont in February of 2019.
September 2, 2021 Auto Fraud Florida Massachusetts New Jersey New York Vermont

Ex-Oklahoma Insurance Commissioner Named To National Insurance Fraud Coalition

Former Oklahoma Insurance Commissioner John Doak has been appointed to the Amicus Committee of the Coalition Against Insurance Fraud, it was announced Monday.
August 26, 2021 Fraud Litigation

New York Attorneys, Doctors Indicted For $31M Insurance Fraud Scheme

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.
August 26, 2021 Fraud New York

Insurer Offering Reward For Recovery Of Stolen James Bond ’Goldfinger’ Aston Martin DB5

A major movie mystery could soon be solved. Not on screen, but in the real world of stolen art.
August 19, 2021 Auto Fraud

Mother, Son Luxury Car Theft Ring Busted In Southern Texas

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.
August 19, 2021 Auto Fraud Texas

Fraud Unit Attributes Record Number Of Fake Insurance Claims To Pandemic

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.
August 13, 2021 Fraud New Hampshire

Minor Claims Fraud Voids Entire Policy

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.
August 4, 2021 Fraud Property Oregon

South Carolina Boosts Insurance Fraud Investigation Capabilities

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.
July 26, 2021 Fraud South Carolina
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