Fraud News
Research & Trends: A Better Way To Pay
The FBI estimates that insurance fraud costs American families between $400 and $700 per year through premium inflation. Clearly, the highly competitive landscape presents a challenge to insurers to ...
Ex-VW CEO Winterkorn Charged in Germany With Fraud
German prosecutors charged former Volkswagen boss Martin Winterkorn with fraud on Monday over his role in the carmaker's manipulation of diesel emissions testing, more than three years after the ...Research & Trends: Fraud Survey Results
Here at Research & Trends, we love survey results that share the aggregated views of insurers, so that we might offer you the most relevant content possible in response to these insights. This ...
Allianz’s Austria Unit Investigated for Allegedly Giving Travel Clients Promises of ‘Unlimited’ Cover
An Australian unit of German insurer Allianz SE sold travel insurance that misleadingly promised unlimited emergency medical cover wherever people were even though the policies had limits on both ...
Musk Sued by Tesla Investors Alleging Fraud Over Tweets on Going Private
Tesla Inc and Chief Executive Elon Musk were sued twice on Friday by investors who said they fraudulently engineered a scheme to squeeze short-sellers, including through Musk's proposal to take the ...
Former Anbang Insurance Chairman Slapped With 18-Year Prison Sentence Over $10B Fraud Case
Wu Xiaohui, former chairman of Anbang Insurance Group Co., was sentenced to 18 years in prison after being convicted of fundraising fraud and embezzlement, according to the official Xinhua News ...
Anbang Insurance Seized by Chinese Government; Founder Charged With Fraud
China's government seized temporary control of Anbang Insurance Group Co. and will prosecute founder Wu Xiaohui for alleged fraud, cementing the downfall of a politically-connected dealmaker whose ...
Former Justice Dept. Employee Admits Trying to Sell Secret U.S. Whistleblower Suits
A former partner at a major law firm in Washington pleaded guilty on Wednesday to charges that he tried to sell copies of sealed whistleblower lawsuits against corporations that he obtained while ...