insurance fraud
Do Insurance Companies Share Claims History?
Are you looking for cheaper insurance? If your claims rose recently and you wonder if another company can give you better rates, you should know that your claims follow you. If you want to change insurance companies because your premiums are getting out of hand with your current company, but it’s due to a large […]
Read moreFlorida Investigates Use of Credit History to Deny Claims
Florida consumer advocate Robin Westcott has called for an investigation into the practice of insurers using homeowner’s previous credit history to retroactively cancel policies and deny claims, even when premiums have been paid on time for years. According to Westcott, some property insurers in her state are using old credit histories, which may include bankruptcies, […]
Read moreDumb Insurance Fraud Cases
Okay, we know that insurance fraud – whether it’s related to health insurance, auto insurance, or both, is a serious subject, and is costing many people a lot of money in increased premiums, but sometimes you just have to laugh, so we’re celebrating the first Monday in Spring with a little levity. Here as reported […]
Read moreCyber Crime on the Rise
If you think the concept of cyber-insurance is just a scam, consider this: last Tuesday (November 9th), the Internet Crime Complaint Center (IC3) logged its two millionth complaint of online criminal activity. The IC3 began operating in May, 2000, as a partnership between the FBI and the National White Collar Crime Center, and it took […]
Read moreIn Brief: USAA Clients Targeted by Internet Scammers
While internet scams abound, the latest involves USAA, an insurance and banking company that caters to military personnel. The company is currently investigating an email scam that attempts to gathering personal information from its customers. The scheme in question is directed at a wide range of people, some of whom may be USAA clients, said […]
Read moreInsurance Brief: Arkansas Man Sentenced for Defrauding FEMA
A resident of Fort Smith, Arkansas has been sentenced to 18 months in prison for lying to FEMA in order to receive disaster aid meant for Hurricane Katrina victims, the Insurance Journal reports. In addition to the prison sentence, United States District Judge Robert Dawson also ordered Anthony Owens, Sr., age 46, to pay restitution […]
Read moreLouisiana Insurance Department Targets Health Insurance Scammers
Stories about insurance fraud abound in the auto insurance industry, but investigators in the Louisiana Department of Insurance Fraud Section have now served the American Trade Association, along with its thirteen companion companies and fourteen employees with “cease and desist” orders for selling fraudulently marketed “medical discount plans” as health insurance plans in the state […]
Read moreQuestionable Insurance Claims on the Rise
The Insurance Journal is reporting today that suspicious property and casualty insurance claims rose again in the first half of 2010, as compared to the first half of 2009. The Journal cited a recent QU (questionable claims) report released by the National Insurance Crime Bureau, which examined six categories of referral reasons for claims: property, […]
Read moreFeds Announce Largest Healthcare Fraud Takedown Ever
Anyone who is, or has a parent who is, covered by medicare knows that healthcare fraud is a tangible risk. Some good news, then, on this Monday, is that Attorney General Eric Holder and HHS Secretary Kathleen Sebelius announced last Friday at a healthcare fraud summit in Miami, that the feds are in the process […]
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