A significant number of Americans aged 45 and younger show a high level of tolerance for insurance fraud – even feeling envious of those who commit it – according to a new survey of insurance consumers by Verisk (NASDAQ:VRSK) and the Coalition Against Insurance Fraud. The study analyzes how American consumers view insurance fraud and […]
Massachusetts Auto Dealer Pays $1 Million for Exploiting State Unemployment System During Pandemic
According to Commonwealth Attorney General, company encouraged furloughed employees who were collecting state unemployment benefits to work without pay. Massachusetts car dealer Colonial Automotive Group, Inc. has agreed to pay $1 million in penalties to settle claims that it took advantage of state unemployment benefits during the COVID-19 pandemic, Attorney General Maura Healey announced. Following […]
Matthew Smith Named Executive Director of Coalition Against Insurance Fraud
Matthew J. Smith, Esq has been named executive director of the Coalition Against Insurance Fraud. Smith has served as the Coalition’s director of government affairs and general counsel since 2018. The Coalition is a nonprofit alliance of more than 200 consumer groups, insurers, government agencies and other organizations. The Coalition combats all forms of insurance […]
Chair of NAIC Antifraud Task Force Elected to Executive Committee of Antifraud Coalition
Oklahoma Insurance Commissioner John D. Doak, chair of the NAIC’s Antifraud Task Force, has been named to the executive committee of the Coalition Against Insurance Fraud. He was elected unanimously to the position. “John Doak brings a valuable dual viewpoint to the Coalition’s mission, both as a state insurance regulator and national anti-fraud leader. This […]
Coalition Research Shows Increase in Insurance Fraud, Insurers Automating Detection
Insurance fraud is rising, and more insurers are responding forcefully by automating investigations with skilled technology, according to a study of insurer tech usage by the Coalition Against Insurance Fraud. More than 60 percent of insurers say fraud has climbed over the last three years, says the biennial study, “State of Insurance Fraud Technology.” The […]
California Governor Signs Airbag Fraud Bill
Makes it illegal to knowingly manufacturer, sell or install a non-functioning airbag. On Tuesday, California Governor Jerry Brown signed Assembly Bill 2387 (AB2387) making that state the fourth this year to make it a crime to “manufacture, import, install, reinstall, distribute, sell, or offer for sale) a counterfeit or non-functioning airbag. Other states that have […]
Insurance Anti-Fraud Group Pushes for Passage of Pennsylvania Counterfeit Airbag Bill
The Coalition Against Insurance Fraud wants Commonwealth to approve legislation making it a crime to knowingly install a non-functioning airbag, protect consumers from “Shady repair shops” that install phony airbags. The Coalition Against Insurance Fraud, the alliance of consumers, government, anti-fraud agencies and insurance companies, is call on the Pennsylvania Senate to approve House Bill […]