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SC Insurance Lawsuit Cites Murdaugh’s ‘Depravity,’ New Details In Housekeeper’s Death

SC Insurance Lawsuit Cites Murdaugh’s ‘Depravity,’ New Details In Housekeeper’s Death

A lawsuit by the insurance company that paid off an allegedly bogus $3.8 million claim by lawyer Alex Murdaugh after the death of his housekeeper cites Murdaugh's 'depravity' and alleges new details of an alleged scheme he cooked up with another lawyer and a banker.
May 13, 2022 Fraud Liability Litigation South Carolina

Man Used Face Mask To Frame Ex-Girlfriend In Arson Plot

Man Used Face Mask To Frame Ex-Girlfriend In Arson Plot

A Clermont County man accused of creating an elaborate scheme to burn down his own house and frame his girlfriend will not face and jail or prison time.
May 2, 2022 Fraud Property Weird Ohio

The Cost Of Data Breaches In A Remote-Work World

The Cost Of Data Breaches In A Remote-Work World

A recent study by IBM and the Ponemon Institute quantifies the rising cost of data breaches as workers moved to remote environments during the coronavirus pandemic. According to the report, an average data breach in 2021 cost $4.24 million â€" up from $3.86 million in 2020. However, where remote work was a factor in causing the breach, the cost increased by $1.07 million.
April 27, 2022 Excess & Surplus Lines Fraud Liability Technology

Phishing, Smishing and Vishing -- Oh My! Don’t Leave Your Employees in the Dark

Phishing, Smishing and Vishing -- Oh My! Don’t Leave Your Employees in the Dark

Phishing. Smishing. And vishing. Three ways hackers are targeting employees in an effort to infiltrate companies and gain access to sensitive information.
April 27, 2022 Education & Training Fraud

North Korean Hacker Group Stole Millions In Cryptocurrency From Gamers

North Korean Hacker Group Stole Millions In Cryptocurrency From Gamers

The United States has linked North Korean hackers to the theft of hundreds of millions of dollars' worth of cryptocurrency tied to the popular online game Axie Infinity, the U.S. Treasury Department said on Thursday.
April 18, 2022 Excess & Surplus Lines Fraud

Claim Payout Was $22K, But Insurance Fraud Investigation Digs Up Hummer

Claim Payout Was $22K, But Insurance Fraud Investigation Digs Up Hummer

Behind a barn off a dirt road in Washington County near the Tibbie community, a track hoe began digging and with every scoop of earth it pulled away what had been buried for six years was slowly revealed a white, 2006 Hummer H2.
April 8, 2022 Auto Fraud Alabama

Study: Insurers Suspect Rise In Fraudulent Claims Since Start Of Pandemic

Study: Insurers Suspect Rise In Fraudulent Claims Since Start Of Pandemic

Insurance professionals' suspicions about fraudulent claims have increased during the pandemic as fraudsters have become more creative, according to a recent survey.
April 7, 2022 Fraud

Fighting Insurance Fraud Is Not ‘Gotcha!’

Fighting Insurance Fraud Is Not ‘Gotcha!’

I am not in favor of the same person authoring two blogs in a row. All Coalition members are invited to participate in 'FraudBlog' to share their views, insights and opinions. My attendance at a recent major insurance conference banquet though caused me to violate my own rule.
April 5, 2022 Fraud

Louisiana Doctor Pleads Guilty In Comp Kickback Conspiracy Involving Pain Creams

Louisiana Doctor Pleads Guilty In Comp Kickback Conspiracy Involving Pain Creams

An Alexandria, Louisiana, physician pleaded guilty Tuesday to having conspired to violate three different federal statutes in connection with a kickback scheme to defraud both federal and private workers compensation insurers, according to an announcement by the U.S. Attorney's office of the Western District of Arkansas.
April 1, 2022 Fraud Workers' Compensation Arkansas Louisiana

Staged Accidents Investigation In New Orleans Nets 32nd Guilty Plea

Staged Accidents Investigation In New Orleans Nets 32nd Guilty Plea

With her plea of guilty to mail fraud conspiracy, Ishais Price, 41, has become the 32nd defendant to admit criminal responsibility in a scheme to stage 77 vehicle accidents with big trucks and buses in New Orleans, claim injuries, hire crooked lawyers and collect fat settlement checks from insurance companies.
March 29, 2022 Fraud Louisiana

The Most Common Types Of Insurance Fraud

The Most Common Types Of Insurance Fraud

The country's insurance industry consists of an estimated 7,000 companies, collecting more than $1 trillion in premiums each year, according to the latest figures from the Federal Bureau of Investigation (FBI). The law enforcement agency adds that because of its sheer size, the sector contributes significantly to the cost of insurance fraud by providing bigger opportunities and financial incentives to those committing illegal acts.
March 29, 2022 Auto Fraud Insurance Industry Workers' Compensation

Fraud, Litigation Push Florida’s Home Insurers Into Insolvency

Fraud, Litigation Push Florida’s Home Insurers Into Insolvency

Insurers protecting Florida's homeowners are going under. And it's not the state's infamous storms dragging the firms down -- it's a deluge of lawsuits and fraud.
March 24, 2022 Fraud Litigation Property Florida

Peabody Construction Company Owner Sentenced For Tax And Workers’ Compensation Fraud

Peabody Construction Company Owner Sentenced For Tax And Workers’ Compensation Fraud

The former owner of a Peabody construction company was sentenced today in connection with a scheme to defraud the IRS of payroll taxes and to defraud his workers' compensation insurance carrier by failing to disclose how many workers he employed.
March 24, 2022 Fraud Workers' Compensation Massachusetts

Insurance Agency Ordered to Pay $500K to Settle Fraud Allegations Involving Michigan Farmer

Insurance Agency Ordered to Pay $500K to Settle Fraud Allegations Involving Michigan Farmer

An insurance company was ordered to pay half a million dollars in settlement as a resolution for fraud allegations, according to the U.S. Attorney's Office â€" Western District of Michigan.
March 10, 2022 Fraud Insurance Industry Michigan

Florida Woman Charged with Comp Fraud After Faking Kidnapping

Florida Woman Charged with Comp Fraud After Faking Kidnapping

A Florida woman who said she was kidnapped, raped and thrown out of a vehicle last year has now been charged with insurance fraud.
March 10, 2022 Fraud Workers' Compensation Florida
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