Fraud

EFG Companies Safeguards Dealers’ Reinsurance Positions and Saves More Than $100,000 Annually Through Formal Fraud Detection Protocols – Compliance

The multi-point program includes real-time call and repair order monitoring and auditing, in-depth training, proprietary claims system lockdown protocol, and cutting-edge virtual claims inspections. - IMAGE: EFG Companies

The multi-point program includes real-time call and repair order monitoring and auditing, in-depth training, proprietary claims system lockdown protocol, and cutting-edge virtual claims inspections.

IMAGE: EFG Companies

DALLAS – EFG Companies, the innovator behind the award-winning Hyundai Assurance program, has bolstered its formal fraud detection program for retail automotive dealers, creating significant roadblocks against fraud and theft while protecting dealer reinsurance positions. The multi-point program includes real-time call and repair order monitoring and auditing, in-depth training, proprietary claims system lockdown protocol, and cutting-edge virtual claims inspections, designed to save the dealership more than $100,000 annually in fraud and claims savings. 

Our dedication to quality customer service is the reason we are able to better safeguard our clients’ reinsurance positions.

According to the Coalition Against Insurance Fraud, fraud accounts for up to 10 percent of claims costs for U.S. insurers, with 32 percent of insurers saying fraud was as high as

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MPI Seeing Surge in Auto Insurance Fraud

September 9, 2020 12:05 PM | News

Manitoba Public Insurance (BOCKSTAEL CONSTRUCTION)

WINNIPEG — Manitoba Public Insurance is seeing a surge in automobile insurance fraud — nearly triple from this time last year.

“This increase is partially attributed to MPI’s refocused effort in reviewing suspicious cases,” says Curtis Wennberg, vice-president, customer service and COO.

MPI says as of the end of July 2020, 88 charges against 33 people have been laid, compared to 30 charges against 10 people in 2019.

“In addition, MPI has adopted a business change to emphasize that insurance fraud is a “crime” and pursue both a denial of coverage and charges going forward.”

Wennberg says the files are forwarded to the provincial prosecution office for review after extensive investigations are completed.

Charges can vary from making a false statement, or fraud over/under $5,000.

“Insurance fraud is not a victimless crime and this criminal activity affects honest Manitobans through

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Flint man charged in alleged auto insurance fraud scheme

FLINT, Mich. (WJRT) – A Flint man is facing up to seven years in prison after he allegedly sold fake automobile insurance certificates.



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The Michigan Attorney General’s Office has charged 24-year-old Dillen Leonard with four counts of selling counterfeit insurance certificates and one count of using a computer to commit a crime. He was arraigned Wednesday in Genesee County District Court.

Leonard is accused of knowingly selling fraudulent insurance certificates that appeared to be real 29 times in 2016. His clients then presented the certificates to the Michigan Secretary of State’s Office as their required proof of auto insurance to renew licenses.

The Attorney General’s Office began investigating after the Michigan Department of Insurance and Financial Services received complaints about Leonard.

“Selling and using fraudulent insurance certificates is a felony, and DIFS and the Attorney General will continue to pursue these investigations to

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BMW owner boasted on social media of insurance fraud weeks before his car was reported stolen at Antietam Lake, police say | Berks and Beyond

A York County man tried to fake out police and his insurance company by claiming his car was stolen at Antietam Lake, authorities said Thursday.

Daniel L. Slaughter, 25, Felton, boasted of insurance fraud on social media on Feb. 25, then the car was reported stolen on May 10.

Central Berks Regional Police Detective Deron Manndel thought there was something fishy about the stolen car incident and eventually got a search warrant for Slaughter’s cellphone and the evidence he needed to file charges.  

“LOl so my buddy and i figured out what to do with my bmw,” Slaughter wrote on Snapchat on Feb. 25, a screenshot of which was found in the photo gallery of his cellphone, according to the criminal complaint.

The message continued: “Gunna chop it up in pieces, scrap it. Once it’s all gone, going to some hiking trails around here and claiming it stolen. They wont

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Five ways to help protect yourself from unemployment insurance fraud – Pine Bluff Commercial

(BPT) – Many people around the U.S. are relying on unemployment insurance assistance as the country battles the pandemic and associated economic effects. As unemployment has risen, fraudsters have been targeting consumers to steal unemployment insurance benefits. They do this by taking personally identifiable information (PII) that cybercriminals have posted on the dark web, stolen from unsuspecting consumers or gained from past data breaches.

Once fraudsters have this information, which can include a victim’s name, address, Social Security number and driver license number, they falsely apply to a state’s unemployment insurance program to register for unemployment insurance benefits. These benefits are typically distributed via direct deposit or prepaid debit cards for those without bank accounts. Once a fraudster has access to the stolen funds, they can use a prepaid payment account service and its mobile app to cash out or make purchases — in-store or online — for items like

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Naples man charged with insurance fraud, investigators say he pocketed over $74,000

A Naples man faces charges of insurance fraud and theft by deception after he pocketed more than $74,000 from his employer, according to the Insurance and Safety Fire Commissioner in Georgia.  



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The commissioner took out warrants on Gregory William Geczi, 29, for the charges on Aug. 25, according to a press release from the agency.  

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The charges stem from Geczi’s work as an agent for American Senior Benefits, where he changed bank account information from his employer to his personal account, pocketing more than $74,000 in commission payments from a Columbus, Georgia-based Anthem Blue Cross Blue Shield office, according to the press release.  

Geczi was working in Maine at the time of the crime, according to the Insurance

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Louisiana State Police make multiple arrests in insurance fraud investigations

Troopers assigned to the Louisiana State Police Insurance Fraud / Auto Theft Unit brought three separate criminal cases to conclusion over the last week resulting in numerous arrests.

The Insurance Fraud Unit is responsible for investigating referrals of suspected fraudulent insurance acts and promoting awareness of insurance fraud throughout the state. 


East Baton Rouge Parish – On July 28, 2020, Troopers arrested 33-year-old Kentrell Collins of Mobile, AL on one count on filing or maintaining false public records and on one count of insurance fraud following an investigation into a fraudulent rental insurance claim with American Bankers Insurance Company.

The investigation revealed Collins filed a false police report to support a claim that items were stolen from an apartment where he no longer resided. Collins then reported the theft to American Bankers Insurance Company and provided fraudulent receipts to support his claim.

On July 21, 2020, an arrest warrant was

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Chase Bank marks some Oregon unemployment checks as fraud

The employment department said Chase is freezing or closing accounts of people who received unemployment because of an algorithm flagging the checks as fraud.

PORTLAND, Ore. — More people receiving unemployment money from the Oregon Employment Department (OED) have contacted KGW Investigates with complaints they can’t access money in their Chase Bank accounts.

Karen Krader and her family members couldn’t access their money for days until KGW contacted Chase Bank about the issue. Krader had been receiving unemployment for months after getting laid off from her office job in February. Chase said her account had been flagged over fraud concerns even though she was legitimately receiving funds from OED.

“I feel like Chase is treating us like criminals and we’re not criminals,” said Krader.

Amber Purcell said Krader’s story mirrored her own.

“It’s what happened to me, exactly what happened to me,” said Purcell.

Purcell said she could not access

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California Department of Insurance Fraud Suit Results in $24M in Payments from AbbVie

California Insurance Commissioner Ricardo Lara this week announced a settlement agreement with AbbVie Inc. to resolve a lawsuit alleging violations of the California Insurance Frauds Prevention Act involving the marketing of blockbuster prescription drug HUMIRA.

AbbVie agreed to reform its HUMIRA marketing practices in California, including disclosing that registered nurses employed as “Ambassadors” to interact with patients about HUMIRA are actually paid by the company, not a medical provider, and reforming how HUMIRA is marketed to health care providers.

AbbVie has also paid a combined $24 million to the State of California and the whistleblower who brought the case to the Department’s attention.

“AbbVie’s prior practices in marketing HUMIRA egregiously put profits ahead of transparency in patient care and violated California law,” Lara said in a statement. “This settlement delivers important reforms to AbbVie’s business practices and a substantial monetary recovery that will be used to continue to combat insurance

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Kount Announces Insurance Digital Risk and Fraud Prevention Solution

 Research shows insurance providers are at an increased risk of identity assumption, bot quotes, and ghost brokering and need to enhance marketing abilities

Kount, the leader in digital fraud protection and identity trust, today introduced Kount’s Insurance Digital Risk and Fraud Prevention Solution. With increased levels of digital fraud specific to insurance providers, Kount has launched a customized solution that uses adaptive AI and Kount’s Identity Trust Global Network to establish risk or trust in real time throughout the insurance customer lifecycle. Kount’s Insurance Digital Risk and Fraud Prevention Solution protects against identity assumption, bot quotes, and ghost brokering while also ensuring marketing campaign efficiency and conversion.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200811005265/en/

Insurance Fraud and the Customer Lifecycle– Kount.com/insurance (Graphic: Business Wire)

Kount developed its insurance risk management solution to address the evolving digital innovation needs of insurance providers. A Kount report finds

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