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Latest Insurance fraud Stories

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...

2010-05-04 08:00:00

DES PLAINES, Ill., May 4 /PRNewswire/ -- The National Insurance Crime Bureau (NICB) warned today that criminals are targeting innocent drivers with increasingly bold schemes aimed at defrauding insurance companies out of millions of dollars. To view the multimedia assets associated with this release, please click: http://multivu.prnewswire.com/mnr/nicb/43814/ (Photo: http://www.newscom.com/cgi-bin/prnh/20100504/MM97049 ) "Across the country we're seeing an alarming number of what we...

2010-04-29 11:35:00

TAMPA, Fla., April 29 /PRNewswire/ -- The recent eight-month investigation and dismantling of an organized "crash ring" highlights Direct General Insurance Company's ongoing collaboration with law enforcement agencies to thwart the dramatic rise of auto insurance fraud in Central Florida. Operation Crash for Cash is spearheaded by the Hillsborough County Sheriff's Office, with the assistance from the Florida Department of Insurance Fraud, the National Insurance Crime Bureau (NICB),...

2010-04-27 10:00:00

LIVONIA, Mich., April 27 /PRNewswire/ -- For a second consecutive year, following the release of the Automobile Theft Prevention Authority annual report, H.E.A.T. (Help Eliminate Auto Thefts) is cautioning Michigan drivers, and now auto dealers as well, to be aware of the growing trend in unconventional auto theft-related crimes. "With increased vehicle security features, and the continuing success of Michigan law enforcement's hard-working auto theft units, crooks are turning to new...

2010-04-21 10:51:00

Per Claim Severity Costs Reach Second-Highest Rate in Years, Fourth Quarter 2009 Figures Show EAST ELMHURST, N.Y., April 21 /PRNewswire-USNewswire/ -- Fraud and abuse in New York's no-fault auto insurance system equate to about 20 percent of every no-fault claim paid, according to Dr. Steven Weisbart, chief economist at the Insurance Information Institute (I.I.I.). This "fraud tax" works out to about $1,561 per claim, a figure which spread out statewide totaled nearly $230 million in...


Word of the Day
omadhaun
  • A fool; a simpleton: a term of abuse common in Ireland and to a less extent in the Gaelic-speaking parts of Scotland.
This word is partly Irish in origin.