Articles about insurance fraud

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Coalition: Reforms of Assigned Benefits A Victory For Long-Abused Homeowners In Florida
April 24, 2019
Insurance fraud and abuses will be curbed; Coalition lauds legislators for leadership WASHINGTON, April 24, 2019 — New reforms of widely abused assignments of insurance benefits will rein in contractors and attorneys who preyed on Florida homeowners and insurers for years, the Coalition Against Insurance Fraud said ...

Taxpayer money frittered away by phony disability claims
April 01, 2019
Compound meds, fake injuries drain insurance plans funded by honest taxpayers

Honest taxpayers hand over good money to support government employee health and disability plans. Yet millions of tax dollars at a time are squandered when cheaters soak the plans by claiming fake illnesses and ...

Coalition: All policyholders should agree in writing to assigning over insurance benefits in Florida
March 27, 2019
Written consent protects policyholder rights under insurance contract in Florida WASHINGTON, March 26, 2019 — Written consent of all policyholders should be required for an insurance claim to be assigned over to a home-repair contractor or other third party, the Coalition Against Insurance Fraud contends in an amicus brief filed ...

Study: More insurers adopt advanced analytics to combat growing insurance fraud
March 27, 2019
Predictive analytics tops list of new insurer tech use, AI gains traction *** Download study infographic *** imageWASHINGTON, March 27, 2019 — Traditional anti-fraud technology tools are giving way to advanced analytics as insurance fraud rises, insurers say in a study of insurtech trends. The biennial study was conducted by ...

Mansion burns, socialite steals $20 million in bogus flame claims
March 01, 2019
Hides jewelry, inflates drapery and mural invoices, threatens adjuster

Socialite and political fundraiser Claire Risoldi lived larger than life — and her bank account.

Small wonder the family matriarch also stole large. Risoldi lifted $20 million of false insurance claims after fire chewed ...

Educator scams health policy to help sick student
February 01, 2019
Good choice, bad choice? Community role model triggers debate over ethics of insurance fraud

An educator thought she did an act of kindness for a sick student by scamming a health policy out of $233 to get the kid urgently needed antibiotics.

Casey ...

Coalition: Holding fraud fighters liable for bad faith gives free pass to fraudsters
January 25, 2019
Personal liability will erode fraud fight, raise premiums for consumers WASHINGTON, D.C., Jan. 25, 2019 — Fraud fighting likely will be seriously compromised if a state court ruling allowing bad-faith suits against insurer employees is allowed to stand, the Coalition Against Insurance Fraud warns Washington state’s highest court. The court ruling ...

Taking down largest federal disability scam in U.S. history earns legal team top fraud prosecutor award
January 10, 2019
Kentucky lawyer ran $550-million insurance-fraud scam, earns 27 years in prison WASHINGTON, Jan. 10, 2018 — Taking down the largest federal disability scheme in U.S. history — a $550-million behemoth — has earned two prosecutors the Prosecutor of the Year Award from the Coalition Against Insurance Fraud. Dustin Davis and ...

9 Most-brazen insurance fraudsters voted into New York's insurance legion of shame
January 02, 2019
ALBANY, Jan. 2, 2019 — A medical ring steals $279 million in false whiplash claims. A man burns down his house for insurance because the place had code violations. A woman hires a hitman to murder her own mother for $30,000 of life-insurance money. They’re among the 9 most-brazen insurance fraudsters ...

Politicos sell out trust, integrity for insurance money
January 01, 2019
imageInsurance scams, bribery and graft mark downfall of politicos embroiled in fraud schemes Tony Matula wants his job back. He was a councilman for the city of Lebanon, Pa. Then panic and greed derailed his career when he made a false damage claim after crashing his car into ...