The nightclub insurer promised to fight for its clients — its promotional material shows a man socked in the face with a boxing glove. But founder Jeffrey B. Cohen fights everything. He went after competitors, clients, former employees and even neighbors, filing dozens of lawsuits around the country. The Reisterstown man once sought a restraining order to keep a rival company from attending an adult industry convention.
Bank of America has allegedly engaged in mortgage fraud, according to an Anonymous website. The first batch of leaked emails appear to show that bank employees were trying to hide documents from regulators. The emails are put into context on the website Seeking Alpha which explains that they refer to the use of force-placed insurance to increase mortgage servicers' profits through kickbacks from insurers - a practice which has just been forbidden under a settlement imposed by the US' states attorneys general. [more inside]
Paris Metro's cheaters say solidarity is the ticket. Scofflaws who jump the turnstiles or enter through the exits of the Paris public transit system have formed mutuelles des fraudeurs — insurance funds that pay the fine if they get caught.
Life Lock CEO's Identify Stolen Remember all those commercials recently tell us to steal Life Lock's CEO Todd Davis' Identity? Well seems as though someone did.
£45 GBP lost to "compo" in Liverpool - Insurance fraud rife in UK A man who tried to sue a local council after he soiled his trousers tops a list of spurious public liability claims which cost UK local government and insurance companies an estimated £250m each year, reports the UK Guardian. Publishers of said report, Zurich Municipal are tackling the growing issue of fraudulent insurance claims. They found that "Only 16% of adults questioned said that they would contact the police if they knew someone had submitted a fraudulent claim against a council." Knowsley [Liverpool] Metropolitan Council "saw its claims from slips and trips soar ... to £5m annually." - for a borough of 111,000 adults that's an impressive £45 GBP per person per year. Among other factors, Zurich blames the "claims farmers" decried here by our Citizens Advice Bureau but also intriguingly says they are "continuing our campaign to combat school arson through initiatives such as our school theatre programme, ACT...."