A McCordsville man was sentenced to 47 months in prison for conspiracy to commit wire fraud. According to court documents, Wesley A. Smith, 31, was employed by Seven Corners, a travel insurance business located in Carmel. His duties included processing travel insurance claims of Seven Corners clients.
Identity theft specifically linked to unemployment jumped to astronomical levels last year during the COVID-19 pandemic, according to data from Allstate Identity Protection (AIP), Allstate Insurance’s identity theft insurance business.
Seven people face criminal charges in Fargo for allegedly running a car insurance fraud ring where they crashed into each other’s vehicles and collected insurance money for profit.
A doctor has been arrested on suspicion of helping to fabricate medical certificates in up to 30 fraudulent insurance claims. The man, who is aged in his 50s and runs a medical practice in north Dublin, was arrested as part of a Garda investigation into some 200 fake insurance claims which were lodged with the help of a solicitors’ firm.
The judge presiding over the Boys Scout of America bankruptcy is weighing a request by insurance companies for permission to serve document requests on 1,400 people who have filed sexual abuse claims and to question scores of them under oath in an effort to determine whether there is widespread fraud in the claims process.
When it comes to insurance fraud, everyone is affected. Whether it is through higher premiums for customers; delayed handling of legitimate claims; delayed access to customer service or claims personnel (because fraudulent claimants often push for quick payments through multiple calls, texts, or emails, taking time away from legitimate claimants); costs to investigate fraudulent claims; and sometimes, injuries or death to others, we are all affected by these fraudulent claims for money.
Insurers tend to forget that the promises made by an insurance policy are essentially kept by the professional claims person. A professional claims staff is a cost-effective method to avoid litigation.
Six people – five from Indiana and one from Michigan – have been sentenced for their roles in a fraud scheme that defrauded both a bank and an insurance company.
A former ICBC insurance adjuster who defrauded the Crown corporation of over $420,000 to pay for a gambling addiction has been sentenced to two years in jail.
Conducting a potential fraud investigation of a company’s own insured is a sensitive task. It can be further complicated by not taking into account an insured’s cultural background, which in some cases can make conduct look suspicious even when it’s not. On the other hand, cultural practices may also provide clues about actual improper conduct.
At least a dozen people in New Rochelle and the Bronx were indicted Wednesday in a cunning car fraud scheme to collect insurance by strategically smashing vehicles and submitting big-buck bills while scrimping on the actual repairs, prosecutors said.
It can happen to anyone: Someone knocks on your door and says they’re a repairman or an insurance expert and can fix damage to your home at no cost to you. They might say they can get you a new roof. Or a new kitchen.<br /><br />Your insurance company will get the bill, they’ll say, and you won’t be out a penny.<br /><br />Watch out. You’re about to be sucked into a thriving insurance scam that’s enriching a handful of law firms, threatening the financial stability of Florida’s home insurance industry and driving up annual premiums for millions of homeowners who have never filed a claim.<br /><br />A newly filed complaint against one of the state’s most notorious insurance attorneys lays out the alleged scheme.<br /><br />After you agree to accept their help, your visitor will hand you their tablet or cellphone and ask for your signature, saying it’s needed to hire their company. You’ll sign it without scrolling up.
