insurance fraud News

Better Data Sharing Key to Fighting Growing Problem of Cross Over Fraud

More than 84 percent of fraud mitigation professionals interviewed see fraud that crosses multiple industries in their investigations, according to a newly released LexisNexis Fraud Mitigation Study. The study revealed that multi-industry fraud has a moderate to high financial impact …

Sixth Circuit Court Predicts Kentucky Will Reject the Adoption of Reverse Bad Faith

Reverse bad faith refers to a cause of action which would allow the insurance company to assert a counterclaim for affirmative relief against an insured who brought a frivolous, bad faith action. Steven Plitt and Jordan R. Plitt, 1 Practical …

South Florida Beloved by Retirees and Fraudsters

Psssst – Need a phony ID? A fraudulent tax refund? Insurance money from a sham car crash? Florida may have just what you’re looking for. Since the first settlers hacked their way into the mangrove tangles and drained much of …

Guilty Plea for New Jersey Man Involved in Hitching Post Arson

A New Jersey man intends to plead guilty to a federal charge stemming from the 2010 arson fire that destroyed the Hitching Post Inn in Cheyenne, Wyoming, according to court records. Falgun Dharia of Flanders, New Jersey, pleaded not guilty …

Verisk Insurance Solutions Launches Device Reputation Service

Verisk Insurance Solutions, a source of information about property/casualty insurance risk, and iovation announced the launch of the Verisk Device Reputation Service, a tool to help insurers prevent fraud by exposing the reputation of Internet-enabled devices. The tool uses proprietary …

Man Gets Murder Conviction in Deadly Indiana House Blast Fraud Case

A jury convicted an Indianapolis man of murder, arson and insurance fraud Tuesday for his role in a house explosion that decimated a subdivision nearly three years ago, killing a couple living in the neighborhood. The jury found 46-year-old Mark …

Men Owe $600,000 Restitution for Missouri Arson, Insurance Fraud Case

Two men have been sentenced to federal prison for arson and insurance conspiracy after authorities say they conspired to burn houses they bought and insured in Kansas City, Missouri. A news release from U.S. Attorney Tammy Dickinson says 28-year-old Joshua …

New Law in Minnesota Adds More Anti-Fraud Measures

Minnesota has added new powers to lodge civil actions against insurance fraudsters and kick swindlers out of the insurance system, the Coalition Against Insurance Fraud announced. The strong anti-fraud measures became law when Gov. Mark Dayton signed a larger omnibus …

Indiana Prosecutor Says House Blast was a Selfish Plan Gone Awry

A man accused of plotting a deadly explosion that damaged or destroyed more than 80 homes in an Indianapolis neighborhood should have known the scheme could kill people, even if that wasn’t his intent, a prosecutor told jurors Monday as …

Businessman Sentenced to 12 Years Prison for ‘Vortex of Fraud’

A Kentucky businessman was sentenced on Thursday to 12 years in federal prison for a series of massive frauds, including a $53 million tax scheme, the bribing of bank officials and the defrauding of bank and insurance regulators. Wilbur Huff …