insurance fraud

A pharmacy in Kansas billed Medicare for more than 1,000 prescriptions each for two patients in a single year, part of a pattern of questionable billings at 2,600 drugstores nationwide uncovered by federal investigators in a report Thursday.

Bogus burglaries, fake funerals, self-inflicted air rifle assaults -- people go to great lengths to convince insurers to cut a check to cover their personal and financial losses. But the financial gain from phony pain and suffering is often short-lived.

Here's yet another reason to watch what you say and do online: Insurance companies are already surfing social media sites to get the scoop about their customers, and what their data-miners find may soon be compiled into a new way to rate you as a risk: a social networking score.

Some stock groups are harder to divine than others, and among those that are tough to figure is the often-opaque insurance industry. But Ray Dirks has been around it for a long time, and when he recommends an insurance stock, it behooves investors to pay attention.

In Monday's legal news, Prudential is being investigated for the way it handles death benefits to soldiers' families and a U.S. district judge continues his efforts on behalf of 9/11 workers by rejecting their lawyers' requests for additional fees.

Elaborate auto insurance scams have led to a 46% increase in the number of suspicious claims submitted to insurers the last two years, says a study by the National Insurance Crime Bureau. In its latest report, NICB says staged accidents, a popular form of car insurance fraud, are targeting...

Marketing scams have been around for years, and their latest version combines the hard-sell tactics of door-to-door solicitation with one of the major pocketbook issues of today: health insurance. This version is being peddled by pitchmen hoping to take advantage of the recently passed health care...

The Insurance and Financial Advisor, a Web site that covers the news of the insurance industry, reported that Daniel Macken, of Wrigleyville, Illinois, is under arrest, charged with the felony of insurance fraud. Apparently, Macken, 60, took out two life insurance policies, worth $200,000, on...

Crooks really don't know any bounds to how low they can go. Video aired on Good Morning America showing members of an insurance fraud ring setting up motorists -- mainly women -- for collisions is a demonstration of the depths they are willing to plumb. The crooks stage accidents that make the...

The Associated Press reports that "Driven to desperation, a growing number of financially strapped car owners are torching, sinking or ditching their vehicles and then reporting them stolen to cash in on the insurance." In Las Vegas, car insurance fraud cases are up more than threefold and other...