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Insurance

23 Defendants Charged With Participating in $26 Million Life Insurance Fraud Scheme

June 2, 2022
23 defendants charged with participating in $26 million life insurance fraud scheme - photo licensed by shore news network.

CHICAGO — A federal grand jury in Chicago has charged 23 defendants with participating in a fraud scheme through which they allegedly swindled ten life …

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Former insurance agent arrested for defrauding customers, COVID fraud

June 2, 2022
Former insurance agent arrested for defrauding customers, covid fraud - photo licensed by shore news network.

CINCINNATI – A former insurance agent was arrested this morning on federal charges alleging he defrauded dozens of victims in the Cincinnati and Dayton area …

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U.S. insurance safety group says 2022 Jeep Wrangler tipped over in crash test

June 2, 2022
U. S. Insurance safety group says 2022 jeep wrangler tipped over in crash test - photo licensed by shore news network.

By David Shepardson WASHINGTON – The Insurance Institute for Highway Safety (IIHS) said on Thursday a 2022 Jeep Wrangler 4-door model tipped over in a …

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Insurance broker Acrisure touches $23 billion in valuation after latest funding

May 31, 2022

(Reuters) – Acrisure said on Tuesday it had raised $725 million in a fresh funding round led by a wholly owned subsidiary of Abu Dhabi …

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Owner of Pennsylvania Healthcare Transport Company Pleads Guilty to Insurance Fraud

May 30, 2022
Owner of pennsylvania healthcare transport company pleads guilty to insurance fraud - photo licensed by shore news network.

HARRISBURG, PA – The owner of Rides Your Way, Rex Barr has pleaded guilty to insurance fraud. Rides Your Way, a non-medical transportation service provider, …

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Insurance rates jump for Ukraine war-exposed business, sources say

May 30, 2022
Insurance rates jump for ukraine war-exposed business, sources say - photo licensed by shore news network.

LONDON – Insurance premiums are doubling or more for some aviation and marine business particularly exposed to the war in Ukraine, increasing costs for airline …

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Two Defendants Charged with Prison-Based Unemployment Insurance Fraud

May 26, 2022
Two defendants charged with prison-based unemployment insurance fraud - photo licensed by shore news network.

ALBANY, NEW YORK – Ivis Jorge, age 44, formerly an inmate at the Riverview Correctional Facility in Ogdensburg, New York, and Pamela Febo, age 38, …

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Two More New Orleans Area Defendants Sentenced for Conspiring to Stage Automobile Collisions in Order to Defraud Insurance and Trucking Companies

May 26, 2022
Two more new orleans area defendants sentenced for conspiring to stage automobile collisions in order to defraud insurance and trucking companies - photo licensed by shore news network.

NEW ORLEANS, LOUISIANA – United States Attorney Duane A. Evans announced today that on May 25, 2022 DONIESHA GIBSON (“GIBSON”), age 31, of New Orleans, …

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Russian oil’s Achilles’ heel: insurance

May 25, 2022
Russian oil's achilles' heel: insurance - photo licensed by shore news network.

By Jonathan Saul, Nidhi Verma, Yuka Obayashi and Carolyn Cohn LONDON/NEW DELHI/TOKYO – Russia has so far deflected much of the impact of sanctions on …

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Maryland Man Sentenced to Over Seven Years in Federal Prison for Covid-19, Unemployment, Insurance, and Aggravated Identity Theft Schemes

May 20, 2022
Maryland man sentenced to over seven years in federal prison for covid-19, unemployment, insurance, and aggravated identity theft schemes - photo licensed by shore news network.

Baltimore, Maryland – U.S. District Judge Stephanie A. Gallagher sentenced Idowu Raji, age 40, of Baltimore County, Maryland, to 94 months in federal prison, followed …

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Former Georgia Insurance Commissioner John Oxendine charged with health care fraud and money laundering scheme

May 20, 2022
Former georgia insurance commissioner john oxendine charged with health care fraud and money laundering scheme - photo licensed by shore news network.

ATLANTA – John W. Oxendine has been arraigned on federal charges of conspiracy to commit health care fraud and conspiracy to commit money laundering.  Oxendine …

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Jersey City School Crossing Guard Arrested for Insurance Fraud

May 12, 2022
Jersey city school crossing guard arrested for insurance fraud - photo licensed by shore news network.

JERSEY CITY, NJ – A Jersey City security guard, employed by the Jersey City Public Schools was arrested by members of the Hudson County Prosecutor’s …

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Man Charged with Using Stolen Identities of UCSD Students in Bank and Pandemic Unemployment Insurance Fraud Schemes

May 11, 2022
Man charged with using stolen identities of ucsd students in bank and pandemic unemployment insurance fraud schemes - photo licensed by shore news network.

Assistant U. S. Attorney Eric R. Olah (619) 546-7540     NEWS RELEASE SUMMARY – May 11, 2022 SAN DIEGO – Nehemiah Joel Weaver was indicted by …

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Chicago Insurance Executive Sentenced to Four Years in Federal Prison for Embezzling Nearly $6 Million From His Employer

May 11, 2022
Chicago insurance executive sentenced to four years in federal prison for embezzling nearly $6 million from his employer - photo licensed by shore news network.

CHICAGO — The former controller of a Chicago-based insurance company has been sentenced to four years in federal prison for embezzling nearly $6 million in …

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Las Vegas Woman Sentenced To Prison For Using Stolen Identities To Fraudulently Collect Over $175,000 In Unemployment Insurance Benefits

May 10, 2022
Las vegas woman sentenced to prison for using stolen identities to fraudulently collect over $175,000 in unemployment insurance benefits - photo licensed by shore news network.

LAS VEGAS – A Las Vegas woman was sentenced today to 45 months in prison for using at least 40 stolen identities to fraudulently collect …

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Aircastle CEO sees contested insurance talks over Russia jets

May 10, 2022

DUBLIN – U.S. aircraft lessor Aircastle is bracing for tough discussions with insurers over aircraft it cannot recover from Russia, the chief executive of the …

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Former Postal Employee Admits Fraud in Connection with Unemployment Insurance Benefits

May 9, 2022
Former postal employee admits fraud in connection with unemployment insurance benefits - photo licensed by shore news network.

NEWARK, N.J. – A former U.S. Postal Service (USPS) employee today admitted that he fraudulently obtained unemployment insurance benefits, U.S. Attorney Philip R. Sellinger announced.  …

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Ship insurance claims to rise as Black Sea remains high risk area – Allianz

May 9, 2022
Ship insurance claims to rise as black sea remains high risk area - allianz - photo licensed by shore news network.

By Jonathan Saul (Reuters) – Global insurers are expected to receive multiple marine insurance claims from ships damaged or lost as the conflict in Ukraine …

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Camden County Man Charged with Fraud in Connection with Unemployment Insurance Benefits

May 6, 2022
Camden county man charged with fraud in connection with unemployment insurance benefits - photo licensed by shore news network.

NEWARK, N.J. – A Camden County, New Jersey, man was arrested for his role in an unemployment insurance benefits fraud scheme, U.S. Attorney Philip R. …

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Former Insurance Agent Pleads Guilty to Defrauding Client of More Than a Million Dollars

May 2, 2022
Former insurance agent pleads guilty to defrauding client of more than a million dollars - photo licensed by shore news network.

TUCSON, Ariz. – Koreasa M. Williams, 49, of Tucson, Arizona, pleaded guilty last week to defrauding an elderly annuity client of more than $1,300,000. Williams, …

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Combined Insurance Announces Grants to Support Military Service Members, Veterans, and Their Families

April 29, 2022
Combined insurance announces grants to support military service members, veterans, and their families - photo licensed by shore news network.

The grants are in keeping with the company’s enduring commitment to giving back to those who have served the nation. Tweet this Luke’s Wings, which …

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Harvey Woman Sentenced for Conspiring to Stage Automobile Collision to Defraud Insurance and Trucking Companies

April 27, 2022
Harvey woman sentenced for conspiring to stage automobile collision to defraud insurance and trucking companies - photo licensed by shore news network.

NEW ORLEANS, LOUISIANA – United States Attorney Duane A. Evans announced today that DONISESHA LEE, a/k/a DONISHA LEE (“DONISHA LEE”), age 32, of Harvey, Louisiana, …

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Three from Jersey City Arrested for Insurance Fraud

April 26, 2022
Three from jersey city arrested for insurance fraud - photo licensed by shore news network.

JERSEY CITY, NJ – The Hudson County Prosecutor’s Office Insurance Fraud Unit has announced the arrests of three Jersey City residents on charges relating to …

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Former State Unemployment Contractor and Co-Conspirator Indicted for Stealing Unemployment Insurance Benefits

April 26, 2022
Former state unemployment contractor and co-conspirator indicted for stealing unemployment insurance benefits - photo licensed by shore news network.

DETROIT – A former contract employee with the State of Michigan Unemployment Insurance Agency, and one co-conspirator, were charged today in an indictment for their …

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Former State Employee Indicted for Unemployment Insurance Fraud

April 22, 2022
Former state employee indicted for unemployment insurance fraud - photo licensed by shore news network.

ALBANY, NEW YORK – A grand jury indictment unsealed today alleges that former New York State Department of Labor (NYSDOL) employee Wendell Giles, age 51, …

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Former Claims Manager for Michigan Unemployment Insurance Agency Pleads Guilty In COVID-19 Fraud Scheme

April 22, 2022
Former claims manager for michigan unemployment insurance agency pleads guilty in covid-19 fraud scheme - photo licensed by shore news network.

DETROIT – Jermaine Rose, a former lead claims examiner for the Michigan Unemployment Insurance Agency (MUIA), pleaded guilty yesterday to conspiracy to commit wire fraud …

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New Orleans Woman Sentenced for Conspiring to Stage Automobile Accident in Order to Defraud Insurance and Trucking Company Out of $4.7 Million

April 20, 2022
New orleans woman sentenced for conspiring to stage automobile accident in order to defraud insurance and trucking company out of $4. 7 million - photo licensed by shore news network.

NEW ORLEANS, LOUISIANA – United States Attorney Duane A. Evans announced that KEISHIRA ROBINSON (“K. ROBINSON”), age 27, of New Orleans, Louisiana was sentenced today …

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UK car insurance premiums in first quarter hit highest since 2020 – survey

April 20, 2022
Uk car insurance premiums in first quarter hit highest since 2020 - survey - photo licensed by shore news network.

(Reuters) – The cost of a comprehensive car insurance policy in Britain touched an 18-month high in the first quarter and will continue to increase …

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Two More Defendants Sentenced for Conspiring to Stage Automobile Accidents to Defraud Insurance and Trucking Companies

April 20, 2022
Two more defendants sentenced for conspiring to stage automobile accidents to defraud insurance and trucking companies - photo licensed by shore news network.

NEW ORLEANS, LOUISIANA – United States Attorney Duane A. Evans announced today that CHANDRIKA BROWN (“BROWN”), age 31, and AISHA THOMPSON (“THOMPSON“), age 44, both …

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Former Employee of a Travel Insurance Company Sentenced to Over 2 Years in Federal Prison and Must Pay Over $496,000 in Restitution for Wire Fraud

April 15, 2022
Former employee of a travel insurance company sentenced to over 2 years in federal prison and must pay over $496,000 in restitution for wire fraud - photo licensed by shore news network.

INDIANAPOLIS – Maria Caceres, 56, of Coral Springs, Florida and formerly of Hamilton County, Indiana, was sentenced late yesterday to 30 months in federal prison …

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Owner and Operator of Arlington Insurance Agency Convicted by Federal Jury of Stealing Government Benefits

April 14, 2022
Owner and operator of arlington insurance agency convicted by federal jury of stealing government benefits - photo licensed by shore news network.

BOSTON – The owner and operator of an Arlington-based insurance agency has been convicted by a federal jury in Boston of fraudulently receiving disability benefits …

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Former Postal Employee Admits Fraud in Connection with Unemployment Insurance Benefits

April 14, 2022
Former postal employee admits fraud in connection with unemployment insurance benefits - photo licensed by shore news network.

NEWARK, N.J. – A former U.S. Postal Service USPS employee today admitted that he conspired to fraudulently obtain unemployment insurance benefits, U.S. Attorney Philip R. …

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Two arraigned in $3 million COVID Unemployment Insurance Benefits scheme

April 13, 2022
Two arraigned in $3 million covid unemployment insurance benefits scheme - photo licensed by shore news network.

ATLANTA – Rowlando Hatter Jr., and Clyde Anthony Parker Jr., have been arraigned on federal charges of conspiracy to commit mail and wire fraud, mail …

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Senior Leader Of Massive No Fault Automobile Insurance Bribery Scheme Sentenced To 7 Years In Prison

April 8, 2022
Senior leader of massive no fault automobile insurance bribery scheme sentenced to 7 years in prison - photo licensed by shore news network.

Damian Williams, the United States Attorney for the Southern District of New York, announced today that JELANI WRAY, a senior leader of a conspiracy in …

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Munich Re tightens up cyber insurance policies to exclude war

April 8, 2022
Munich re tightens up cyber insurance policies to exclude war - photo licensed by shore news network.

By Carolyn Cohn and Noor Zainab Hussain LONDON – Munich Re is planning new wordings in cyber insurance policies to exclude war, to avoid disputes …

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Exclusive-AIG looks at cutting insurance for Russia, Ukraine -sources

April 8, 2022
Exclusive-aig looks at cutting insurance for russia, ukraine -sources - photo licensed by shore news network.

By Noor Zainab Hussain and Carolyn Cohn LONDON – AIG, one of the world’s biggest commercial insurers, is considering cutting cover for Russia and Ukraine, …

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Australia’s Westpac unit penalised for charging incorrect insurance fees

April 8, 2022
Australia's westpac unit penalised for charging incorrect insurance fees - photo licensed by shore news network.

(Reuters) – Australia’s Federal Court on Friday ordered lender Westpac Banking Corp’s superannuation agent to pay A$20 million ($14.96 million) in penalty for incorrect insurance …

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Illinois Man Admits Stealing Unemployment Insurance Benefits while Incarcerated

April 7, 2022
Illinois man admits stealing unemployment insurance benefits while incarcerated - photo licensed by shore news network.

NEWARK, N.J. – An Illinois man today admitted that he used other individuals’ personal identification information to fraudulently obtain unemployment insurance benefits while he was …

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BOC Aviation says lessors seeing ‘horrendous’ hikes in insurance costs

April 7, 2022
Boc aviation says lessors seeing 'horrendous' hikes in insurance costs - photo licensed by shore news network.

By Padraic Halpin DUBLIN – The likely huge insurance claims related to the cancellation of aircraft leases in Russia is already leading to “horrendous” hikes …

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Mercury Insurance Launches MercuryGO for Illinois Drivers

April 6, 2022
Mercury insurance launches mercurygo for illinois drivers - photo licensed by shore news network.

Mercury’s usage-based insurance app could save customers up to 40% or more on auto insurance and gives Prairie State drivers a virtual driving coach LOS …

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‘The Informer’ Celebrates NICB’s 110 Years of Fighting Insurance Crime

April 5, 2022
'the informer' celebrates nicb's 110 years of fighting insurance crime - photo licensed by shore news network.

The Spring edition is dedicated to NICB’s 110-year anniversary. Within the issue, NICB reflects on its legacy, while looking toward a future filled with technological …

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Insurance company owner sentenced after lying to bankruptcy court, underreporting income

April 1, 2022
Insurance company owner sentenced after lying to bankruptcy court, underreporting income - photo licensed by shore news network.

SAVANNAH, GA:  A Chatham County insurance company owner has been sentenced to federal prison for lying in bankruptcy court and his tax returns. Jaques Andres …

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Jersey City School Security Guard Charged for Insurance Fraud

April 1, 2022
Jersey city school security guard charged for insurance fraud - photo licensed by shore news network.

JERSEY CITY, NJ – A Jersey City Public Schools employee has been charged after filing over 50 fraudulent medical claims to his insurance company. “A …

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Personal Touch, Helping Policyholders in Time of Need, and Affordable Rates are Keys to 60 Years of Success for Mercury Insurance

April 1, 2022
Personal touch, helping policyholders in time of need, and affordable rates are keys to 60 years of success for mercury insurance - photo licensed by shore news network.

One of the best insurance companies in America, according to Forbes, continues its mission of providing high quality protection at affordable rates LOS ANGELES, April …

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S&P Global sees Russia-Ukraine insurance losses of $16-35 billion

March 31, 2022
S&p global sees russia-ukraine insurance losses of $16-35 billion - photo licensed by shore news network.

LONDON – S&P Global sees losses in the speciality insurance market of $16-35 billion from the Russia-Ukraine conflict, the ratings agency said on Thursday. This …

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S&P Global says Russia-Ukraine insurance losses could reach $35 billion

March 31, 2022
S&p global says russia-ukraine insurance losses could reach $35 billion - photo licensed by shore news network.

LONDON – S&P Global sees losses in the speciality insurance market of $16-35 billion from the Russia-Ukraine conflict, the ratings agency said on Thursday. This …

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Zurich Insurance targets net zero in own operations by 2030

March 31, 2022
Zurich insurance targets net zero in own operations by 2030 - photo licensed by shore news network.

ZURICH – Zurich Insurance on Thursday said it aimed to achieve net-zero greenhouse gas emissions in its own operations by 2030, bringing forward its target …

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Co-Owner of defunct medical testing lab convicted of kickback scheme to profit on urine drug tests for government insurance programs

March 30, 2022
Co-owner of defunct medical testing lab convicted of kickback scheme to profit on urine drug tests for government insurance programs - photo licensed by shore news network.

Seattle – A resident of Astoria, Oregon was convicted this week in U.S. District Court in Seattle of five federal felonies connected to his scheme …

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Detroit Man Sentenced on Charges related to Theft of $1.6M in Unemployment Insurance Benefits from Nine States

March 30, 2022
Detroit man sentenced on charges related to theft of $1. 6m in unemployment insurance benefits from nine states - photo licensed by shore news network.

A Detroit man was sentenced today to 39 months in federal prison on charges of wire fraud and identity theft, in connection with a scheme …

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Marrero Man Sentenced for Conspiring to Stage Automobile Accidents in Order to Defraud Insurance and Trucking Companies

March 30, 2022
Marrero man sentenced for conspiring to stage automobile accidents in order to defraud insurance and trucking companies - photo licensed by shore news network.

NEW ORLEANS, LOUISIANA – United States Attorney Duane A. Evans announced today that DEWAYNE COLEMAN (“COLEMAN”), age 22, of Marrero, Louisiana, was sentenced today for …

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