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Latest Insurance fraud Stories

2011-04-13 08:00:00

Faked/Exaggerated Injuries and Excessive Treatment Lead Increase DES PLAINES, Ill., April 13, 2011 /PRNewswire-USNewswire/ -- The National Insurance Crime Bureau (NICB) today released its 2010 questionable claims (QC) referral reason analysis for New York. The report examines QCs associated with New York and referred to NICB from January 1, 2008, through December 31, 2010. In 2008, a total of 6,378 New York QCs were referred to NICB from its member insurance companies compared with...

2011-03-24 10:35:00

HAUPPAUGE, N.Y., March 24, 2011 /PRNewswire/ -- Allstate has received claims from a seemingly staged auto accident depicted in a surveillance video released by the New York City Police Department late Tuesday. The incident occurred in the Bronx less than a year ago. On the same day, the New York State Senate passed a Staged Accident Bill that would make it a felony to intentionally cause a vehicle collision. Krista Conte, New York spokesperson for Allstate Insurance Company, said: "We...

2011-03-15 12:00:00

CHESTER, England, March 15, 2011 /PRNewswire/ -- The car insurance industry is coming under fire after a report from the Transport Select Committee attacked the relationship between insurance firms and personal injury lawyers. The report, which was presented by leading actuarial consultancy EMB, described the "merry-go-round" of payments that occurs after car crashes, with lawyers allegedly paying insurers and even garages for information about people involved in car accidents. The...

2011-02-28 08:12:00

LIVONIA, Mich., Feb. 28, 2011 /PRNewswire/ -- H.E.A.T. (Help Eliminate Auto Thefts) today commented on the 2009 statistics recently released by the Automobile Theft Prevention Authority (ATPA) in its annual report. The statistics once again showed an annual decrease in the number of vehicle thefts in Michigan. "We are pleased to see the continued decline in the number of vehicle thefts across the state," said Terri Miller, director of H.E.A.T. "However, we do want to make Michigan...

2011-02-24 08:50:00

NEW YORK, Feb. 24, 2011 /PRNewswire-USNewswire/ -- When purchasing car insurance, you probably already have a good idea about the factors that affect your car insurance premium rates and coverage. But how do you differentiate between truth and fiction? The Insurance Information Institute (I.I.I.). dispels common myths about auto insurance and shows you how you can save money: Myth 1. Color determines price of auto insurance. It doesn't matter if your car is red, green or purple. What...

2011-02-08 08:00:00

If You Didn't Request It--Reject It DES PLAINES, Ill., Feb. 8, 2011 /PRNewswire-USNewswire/ -- Each year consumers pay more for their auto and homeowners insurance policies as a direct result of fraud. We've all heard the stories--unnecessary auto glass repairs, aggressive and exorbitant towing charges, needless home repairs, total roof replacements, sinkhole damage, solicitation of accident victims -- these and other kinds of insurance scams contribute to an annual loss amount estimated...

2011-01-11 07:00:00

CLEVELAND, Jan. 11, 2011 /PRNewswire/ -- A highly focused team of professional healthcare fraud investigators using highly sophisticated software helped Medical Mutual of Ohio reclaim an all-time high of $8.1 million of fraudulent activity in 2010. "What it all comes down to is criminals picking the pockets of our health insurance customers and in the end, the cost of fraud is passed on to all of us," said Brien Shanahan, Medical Mutual's director of Legal Affairs. Shanahan explained...

2010-12-28 11:00:00

HAUPPAUGE, N.Y., Dec. 28, 2010 /PRNewswire/ -- As detailed in a lawsuit filed today, its seventh this year, Allstate Insurance Company seeks to prove that professional service corporations are actually owned and operated by a layperson, rather than by licensed physicians or medical professionals. Allstate is committed to fight insurance fraud in New York and has sought to recover damages totaling $10,534,093.56 during 2010. Since 2003, Allstate has filed 27 fraud lawsuits in New York,...

2010-12-28 05:00:00

New Year's Day and Halloween See Most Theft Activity DES PLAINES, Ill., Dec. 28, 2010 /PRNewswire-USNewswire/ -- Once again, New Year's Day was the leading holiday for reported vehicle thefts in 2009, according to an analysis by the National Insurance Crime Bureau (NICB). Christmas Day repeats as the holiday with the fewest reported vehicle thefts. While Americans are enjoying the holidays and most have time off from work, we need to remember that holidays are just another day at the shop...

2010-10-27 09:16:00

TAMPA, Fla., Oct. 27 /PRNewswire/ -- Three arrests at a Fort Myers chiropractic clinic for insurance fraud are the latest results of an on-going investigation by Direct General Insurance Company and local, state, and federal law enforcement agencies. The undercover investigation has produced over 50 arrests in Tampa Bay and Ft. Myers over the last six-months. Direct General expects more arrests in the future, but acknowledges it's a drop in the bucket in solving Florida's auto...


Word of the Day
attercop
  • A spider.
  • Figuratively, a peevish, testy, ill-natured person.
'Attercop' comes from the Old English 'atorcoppe,' where 'atter' means 'poison, venom' and‎ 'cop' means 'spider.' 'Coppa' is a derivative of 'cop,' top, summit, round head, or 'copp,' cup, vessel, which refers to 'the supposed venomous properties of spiders,' says the OED. 'Copp' is still found in the word 'cobweb.'
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