By Jason Proctor CBC News Posted: May 11, 2012 11:33 AM PT Last Updated: May 11, 2012 1:33 PM PT A B.C. provincial court judge sentenced a Richmond insurance agent to one year in jail Thursday for stealing cash from dozens of customers’ insurance payments to pay for his trips to a casino. Ka Chun [...]

Approximately 15 years ago, Adam J. Brandt’s trucking clients began noticing larger recovery bills from towing companies. Brandt, founder of Brandt & Associates, a firm specializing in insurance litigation, said that the practice soon found its way to personal auto. “[It] migrated to personal auto insurers,” he said, during a session on the subject at [...]

A Miami boat captain has been arrested on a first-degree grand theft charge for allegedly sinking a $1.86 million yacht in 2009 off the Bahamas. Florida Chief Financial Officer Jeff Atwater announced the arrest of Robert Figueredo by detectives from the Florida Department of Financial Services Division of Insurance Fraud (DIF). “There is no such [...]

Research shows that smaller retailers are often targets of insurance slip-and-fall scams. Slip-and-fall claims, that is, the form of insurance fraud where individuals create their own staged dangerous situation so that they can fake falling down and hurting themselves in order to receive monetary compensation, are on the rise, and small businesses seem to be [...]

HAUPPAUGE, N.Y., May 8, 2012 /PRNewswire/ – Allstate Insurance Company has filed its second insurance fraud lawsuit of 2012, seeking to recover $6 million against 4 New York area defendants.  The Complaint names a physician, a medical professional corporation, a management company, and an unlicensed layperson who allegedly used his management company to control at least one [...]

Seeking more than $9 million in damages for fraud. State Farm has filed another lawsuit against several Toronto-area medical clinics for filing fraudulent claims. Those named in the suit include Global Rehab Clinics Ltd., Perfect General Contracting Corp., Queen’s Medical Assessment Centre Ltd., Princess Rehab Clinic Inc., Crown Diagnostic & Assessment Centre Inc., as well [...]

Curtis Rush Police Reporter Posted in the Toronto Star Police have put the brakes on auto theft in the Greater Toronto Area and the effect is so dramatic that Toronto police chief and insurance investigators are taking notice. It’s no coincidence that, amid the staggering decline, the Toronto police and Ontario Provincial Police have disbanded [...]

OLDWICK, N.J., Apr 10, 2012 (BUSINESS WIRE) — The amount of money that Allstate Insurance Co. has sought to recover in insurance fraud-related lawsuits in New York offers a glimpse into how much the criminal enterprise saps from the business annually, according to the latest issue of BestWeek U.S./Canada. In the past six years, the [...]

By Danielle VandenBrink/The Whig-Standard Posted 14 hours ago Danielle VandenBrink The Whig-Standard It wasn’t long after Barbra Brousseau and her husband, Eric, wired more than $13,000 to purchase a used vehicle that they knew they had been duped. Until that point, the Kingston couple had been negotiating a deal to buy a 2003 Ford Excursion [...]

March is Fraud Prevention Month – Fraud is a direct threat to the financial well-being of businesses, costing millions of dollars each year – BMO Bank of Montreal offers eight tips to strengthen defences against internet fraudsters TORONTO, ONTARIO, Mar 26, 2012 (MARKETWIRE via COMTEX) — In recognition of Fraud Prevention Month, BMO Financial Group [...]