insurance scam

Insurance regulators in several states are warning consumers about a Tennessee-based group selling bogus insurance. The group, which has collected more than $22 million in premiums nationwide, operates under several names, including American Trade Association, Smart Data Solutions, Serve America...

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...