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Tag:

Insurance

  • Department of Justice Press Releases

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

    by DOJ Press April 22, 2022
    by DOJ Press April 22, 2022

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

  • Department of Justice Press Releases

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

    by DOJ Press April 20, 2022
    by DOJ Press April 20, 2022

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

  • Financial News

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

    by Reuters April 20, 2022
    by Reuters April 20, 2022

    (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 on the back of rising …

  • Department of Justice Press Releases

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

    by DOJ Press April 20, 2022
    by DOJ Press April 20, 2022

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

  • Department of Justice Press Releases

    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

    by DOJ Press April 15, 2022
    by DOJ Press April 15, 2022

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

  • Department of Justice Press Releases

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

    by DOJ Press April 14, 2022
    by DOJ Press April 14, 2022

    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 from the Department of Veterans …

  • Department of Justice Press Releases

    Former Postal Employee Admits Fraud in Connection with Unemployment Insurance Benefits

    by DOJ Press April 14, 2022
    by DOJ Press April 14, 2022

    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. Sellinger announced.  Ross Clayton, 31, …

  • Department of Justice Press Releases

    Two arraigned in $3 million COVID Unemployment Insurance Benefits scheme

    by DOJ Press April 13, 2022
    by DOJ Press April 13, 2022

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

  • Department of Justice Press Releases

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

    by DOJ Press April 8, 2022
    by DOJ Press April 8, 2022

    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 which he and his co-conspirators …

  • Financial News

    Munich Re tightens up cyber insurance policies to exclude war

    by Reuters April 8, 2022
    by Reuters April 8, 2022

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

  • Financial News

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

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    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, to shield itself from the …

  • Financial News

    Australia’s Westpac unit penalised for charging incorrect insurance fees

    by Reuters April 8, 2022
    by Reuters April 8, 2022

    (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 charges. The court said BT …

  • Department of Justice Press Releases

    Illinois Man Admits Stealing Unemployment Insurance Benefits while Incarcerated

    by DOJ Press April 7, 2022
    by DOJ Press April 7, 2022

    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 incarcerated, U.S. Attorney Philip R. …

  • Financial News

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

    by Reuters April 7, 2022
    by Reuters April 7, 2022

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

  • Business News

    Mercury Insurance Launches MercuryGO for Illinois Drivers

    by Your News April 6, 2022
    by Your News April 6, 2022

    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 ANGELES, April 6, 2022 — …

  • Business News

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

    by Your News April 5, 2022
    by Your News April 5, 2022

    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 advancements, data and intelligence enhancements, …

  • Department of Justice Press Releases

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

    by DOJ Press April 1, 2022
    by DOJ Press April 1, 2022

    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 Frym, 53, of Pooler, Ga., …

  • Breaking NewsNew Jersey NewsNorth Jersey NewsPolice Blotter

    Jersey City School Security Guard Charged for Insurance Fraud

    by Charlie Dwyer April 1, 2022
    by Charlie Dwyer April 1, 2022

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

  • Business News

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

    by Your News April 1, 2022
    by Your News April 1, 2022

    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 1, 2022 — Mercury Insurance sold …

  • Financial News

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

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    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 includes possible aviation insurance losses …

  • Financial News

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

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    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 includes possible aviation insurance losses …

  • Financial News

    Zurich Insurance targets net zero in own operations by 2030

    by Reuters March 31, 2022
    by Reuters March 31, 2022

    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 by 20 years. “Zurich Insurance …

  • Department of Justice Press Releases

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

    by DOJ Press March 30, 2022
    by DOJ Press March 30, 2022

    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 to profit from illegal kickbacks …

  • Department of Justice Press Releases

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

    by DOJ Press March 30, 2022
    by DOJ Press March 30, 2022

    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 to defraud and obtain more …

  • Department of Justice Press Releases

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

    by DOJ Press March 30, 2022
    by DOJ Press March 30, 2022

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

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