August 7, 2023
Via: Reinsurance NewsAs insurtech Vesttoo continues its investigation into the alleged fraudulent letters of credit (LOCs) used as collateral in its transactions, the firm has reiterated its commitment to “working with alternative investors and brokers to ascertain alternative collateral” for its clients. […]
February 16, 2022
Via: Insurance BusinessA California man is headed to prison after admitting to unemployment insurance fraud to the tune of more than $170,000. Kier Jordan Parker, 25, fraudulently obtained unemployment benefits by submitting multiple unemployment claims in other people’s names and using benefits […]
December 22, 2021
Via: Insurance BusinessAn investigation into a Phillipsburg, NJ truck stop has uncovered a massive $20 million insurance fraud scheme, with 12 individuals charged in connection with the fraud ring. The charges cover about $2.7 million in underpaid insurance premiums for just the […]
Copyright © 2024. All rights reserved
