insurance fraud News
Former California Agent Gets 4 Years in Prison for $3.7M Fine Art Insurance Scam
A woman who formerly operated an insurance agency in Northridge, Calif., was sentenced by the U.S. District Court to pay $1,880,237 in restitution and serve 50 months in federal prison for defrauding ...
Racketeering Suit Alleges NY Insurance Fraud Scheme by Lawyers, Medical Providers
A New York specialty insurance managing underwriter for contractors and construction risks has sued a New York City personal injury law firm and dozens of medical providers, alleging a wide-ranging ...
AI Spots Suspicious Claims Earlier Than Traditional Approaches: Study
Machine learning models detect suspicious claims two weeks after submission, much faster than traditional methods, according to a new CLARA Analytics study on fraud detection in property/casualty ...
Bill Aims to Make Staged Accidents a Federal Crime
A new bill, H.R. 2622, introduced earlier this month by Representatives Mike Collins (GA-10) and Brandon Gill (TX-26), could make staging an accident a federal crime. The bill seeks to amend title 49 ...
Take Down of Vehicle Hostage Scam Nets 16 Arrests in California
The California Department of Insurance is warning drivers about a vehicle hostage scam sweeping Southland, after the arrests of 16 residents involved in an alleged auto insurance fraud ring. Scams ...
Rapid Response Effort Initiated to Respond to Fraud After Wildfires
As wildfires continue to burn in Southern California, the state has ramped up fraud investigations to keep up with an uptick in crimes. Insurance Commissioner Ricardo Lara and Los Angeles County ...
Missouri Man Pleads Guilty to Staged Auto Crashes Netting More Than $100,000
Earlier this week, a St. Louis, Missouri, man admitted to staging a series of vehicle accidents and injuries to defraud insurance companies, according to the U.S. Attorney's Office, Eastern District ...
California Vocational School CEO Charged With 23 Counts of Insurance Fraud
The CEO of one of California's largest vocational return to work counseling centers, Hazel Ortega, appeared in court yesterday after being charged with 23 felony counts including insurance fraud, ...