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Latest Insurance fraud Stories

2010-06-16 01:58:00

YORK, England, June 16, 2010 /PRNewswire/ -- - Cybercrime Victim Every 7 Seconds in the UK(1) More than 420,000 scam emails are sent every hour in the UK according to a report published today (2). The study from life assistance company CPP (http://www.cpp.co.uk) estimates that Brits were targeted by 3.7 billion 'phishing' emails in the last 12 months alone (3). And a quarter of us admit to falling victim to e-fraudsters, with the average victim losing over GBP285 each (4)....

2010-06-07 14:07:00

FREMONT, Mich., June 7 /PRNewswire-FirstCall/ -- The first day of summer arrives later this month and as temperatures heat up, it can be tempting to leave the windows on your car open just a crack to alleviate the heat. According to automobile insurers, however, you may as well leave a sign on the car that reads "Steal Me" as cracked windows are an open invitation to car thieves, providing easy access with virtually no damage to the vehicle. A motor vehicle is stolen every 28.8 seconds...

2010-06-02 08:00:00

Texas Tops List DES PLAINES, Ill., June 2 /PRNewswire-USNewswire/ -- Today, the National Insurance Crime Bureau released its latest ForeCAST(SM) report which examines both hail loss claims and hail loss questionable claims (QCs) for the period January 1, 2006 through March 31, 2010. During this time frame, the number of hail loss claims filed with insurers increased by 61 percent, from 256,000 in 2006 to over 413,000 in 2009. At the same time, the number of claims referred to NICB for...

2010-05-26 13:00:00

DETROIT, May 26 /PRNewswire/ -- Blue Cross Blue Shield of Michigan's health care fraud investigation unit, the oldest and most successful health plan operation of its kind in the U.S., saved or recovered nearly $277 million since it first began operation nearly 30 years ago, including $15 million in savings in 2009. That amount includes actual recovery of fraudulent payments, court-ordered restitution and a conservative estimate of the amount of money that would have been paid out if the...

2010-05-26 13:00:00

Anti-fraud savings and recoveries increase 47 percent over 2008 WASHINGTON, May 26 /PRNewswire-USNewswire/ -- Blue Cross and Blue Shield companies' anti-fraud investigations resulted in overall savings and recoveries of more than $510 million in 2009, according to data released today by the Blue Cross and Blue Shield Association (BCBSA). This represents a significant increase compared to 2008, and contributed to a three-year average return of $7 dollars for every $1 dollar spent on...

2010-05-25 08:00:00

Marks Enhanced Focus on Cargo and Commercial Markets DES PLAINES, Ill., May 25 /PRNewswire-USNewswire/ -- The National Insurance Crime Bureau (NICB) announced today that freight broker and third party logistics provider AFN®, formerly known as Advantage Freight Network, is the latest addition to NICB's nearly 1,100 member companies. This is the first transportation management company or third party logistics provider to join NICB and comes as NICB increases its emphasis...

2010-05-17 10:16:00

WASHINGTON, May 17 /PRNewswire/ -- A high-ranking Justice Department fraud prosecutor is joining Patton Boggs LLP, bolstering the firm's ability to help clients defend against health care fraud and abuse allegations, government inquiries and white-collar criminal charges. John S. "Jay" Darden joins the firm as a partner in its Washington office where he will play a key role in the Litigation Department's healthcare fraud and abuse and white-collar crime practices, including Foreign Corrupt...

2010-05-13 16:08:00

WASHINGTON, May 13 /PRNewswire-USNewswire/ -- Good afternoon. I'm pleased to join Secretary Sebelius in providing an update on our joint efforts to combat health care fraud and, specifically, to protect taxpayer dollars and our Medicare and Medicaid programs. The Departments of Justice and HHS have a long history of working together in the fight against health case fraud. Today, we are submitting the "Health Care Fraud and Abuse Control Program Annual Report," (HCFAC) which outlines the...

2010-05-13 11:14:00

MIAMI, May 13 /PRNewswire-USNewswire/ -- The following are remarks as prepared for delivery by Acting Deputy Attorney General Gary G. Grindler: Thank you for that kind introduction and to all of you for inviting me to speak with you today about one of the most important priorities for the Department of Justice and the Obama Administration: healthcare; specifically, healthcare fraud. Every year, hundreds of billions of dollars are spent to provide health care for millions of American...

2010-05-10 08:00:00

DES PLAINES, Ill., May 10 /PRNewswire-USNewswire/ -- The latest report from the National Insurance Crime Bureau (NICB) shows that staged accident questionable claims (QC) increased 46 percent from 2007 through 2009. Additionally, the ratio of staged accident QCs to overall bodily injury (BI) and personal injury protection (PIP) claims has increased over this period while the total number of BI and PIP claims has declined. The top five states that generated the most staged accident QCs...


Word of the Day
callithump
  • A somewhat riotous parade, accompanied with the blowing of tin horns, and other discordant noises; also, a burlesque serenade; a charivari.
'Callithump' is a back-formation of 'callithumpian,' a 'fanciful formation' according to the Oxford English Dictionary. However, the English Dialect Dictionary, says 'Gallithumpians' is a Dorset and Devon word from the 1790s that refers to 'a society of radical social reformers' or 'noisy disturbers of elections and meetings.'
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