Younger Adults More Likely to Commit Insurance Fraud, Study Finds
A University of Georgia study finds Americans under 34 are significantly more willing to commit insurance fraud, often without realizing the legal or financial consequences.
September 2
Auto
Education & Training
Fraud
Insurance Industry
Wyndham Hotel Owner Accused of Orchestrating Vandalism Amid Insurance Dispute
The Wyndham Hotel owner is facing accusations of staging vandalism to claim $12.2 million in insurance damages, prompting a federal fraud countersuit by the insurer.
August 29
Fraud
Insurance Industry
Litigation
Property
Illinois
Detroit Couple to Face Trial over Alleged $150K Disability Insurance Fraud Scheme
A Detroit couple will stand trial on multiple felony charges after allegedly filing fraudulent disability insurance claims totaling $150,000, officials say.
August 29
Fraud
Insurance Industry
Litigation
Michigan
Michigan Insurance Agent Pleads No Contest to Fraud and Agrees to License Forfeiture
A Birmingham-based insurance agent admitted to fraud involving annuity applications for senior clients and will pay over $107K in restitution while surrendering his license.
August 29
Fraud
Insurance Industry
Legislation & Regulation
Life & Health
Michigan
Massachusetts Insurance Brokers Accused of Stealing Over $700K from Clients
A Massachusetts couple has been charged with wire fraud for allegedly stealing over $700,000 in client premiums through their insurance firm and issuing fake coverage documents.
August 29
Fraud
Insurance Industry
Legislation & Regulation
Property
Massachusetts
GEICO Sues New York Medical Supplier Over Alleged $620K Insurance Fraud Scheme
GEICO is suing a New York supplier it claims defrauded the insurer out of $620,000 through inflated billing, unnecessary medical equipment, and manipulated coding practices.
August 29
Auto
Fraud
Insurance Industry
Litigation
New York
JPMorgan Must Defend Elder Fraud Arbitration Claim from Widow
A federal judge ruled that JPMorgan must face arbitration over claims it failed to prevent a widow’s son from stealing $8.4 million from her bank accounts after her husband’s death.
August 20
Fraud
Legislation & Regulation
Litigation
Risk Management
California
Florida
Massachusetts
New York
North Carolina Resident Charged with 54 Felonies in $1.8 Million Travel Insurance Fraud Case
A North Carolina resident allegedly forged medical and travel documents to defraud insurers of nearly $1 million and attempted to steal close to another $900K between 2020 and 2024.
August 18
Fraud
Insurance Industry
Litigation
Property
North Carolina
Father and Son Found Guilty of Arson and Insurance Fraud in Michigan Restaurant Fire
A jury convicted the co-owners of Charlie’s Family Grill of arson and insurance fraud after fires destroyed their White Cloud restaurant and garage in early 2023.
August 14
Fraud
Insurance Industry
Litigation
Property
Michigan
Fake Slip and Fall on Banana Peel at Goodwill Leads to Insurance Fraud Charge
A staged fall in a Goodwill parking lot, falsely blamed on a banana peel and later a broken lighter, has led to an insurance fraud charge following a months-long investigation.
August 14
Fraud
Insurance Industry
Litigation
Property
Weird
Connecticut
Aon Sued Over Alleged Fraud in Vesttoo Credit Insurance Dealings
A creditor trust for bankrupt AI firm Vesttoo has sued Aon, claiming the broker committed fraud while promoting credit insurance linked to a failed funding scheme.
August 14
Fraud
Insurance Industry
Litigation
Risk Management
Historic Oregon Hotel in Foreclosure After Owners Report Major Fraud Losses
The century-old Prospect Hotel near Crater Lake closed after alleged embezzlement by a trusted associate left owners facing lawsuits, loan defaults, and bank garnishment.
August 11
Fraud
Insurance Industry
Litigation
Property
Oregon
Former Insurance Agent Charged in $250K Life Insurance Scam Targeting Multiple States
A former Connecticut insurance agent allegedly defrauded nine victims across multiple states through fake policies, forged documents, and impersonated professionals.
August 5
Fraud
Insurance Industry
Legislation & Regulation
Life & Health
Connecticut
New Hampshire
Fraud Strikes Over One-Third of Americans Impacted by Natural Disasters, AICPA Survey Reveals
A new AICPA survey finds 37% of Americans impacted by natural disasters experienced fraud, with identity theft and contractor scams among the top reported schemes.
August 5
Catastrophe
Fraud
Insurance Industry
Risk Management
Florida Insurance Agent Sentenced for Premium Theft and Civil Misconduct
A former Florida insurance agent is now behind bars after stealing client premiums and facing multiple lawsuits, including a major Hurricane Ian-related judgment.
August 5
Fraud
Insurance Industry
Litigation
Property
Florida
