About 10% of property/casualty insurance coverage losses may be traced to fraud, in accordance with the trade’s Coalition In opposition to Insurance coverage Fraud. Insurance coverage Journal publishes a mean of twenty-two fraud tales a month. Insurance coverage Journal reporting in 2023 confirmed that prosecutors within the East states managed to finish the careers of fairly various the criminals concerned. They caught a New Jersey man who took benefit of New York’s no-fault auto insurance coverage legal guidelines to orchestrate a large fraud scheme. A surgeon and two legal professionals have been amongst these sentenced for his or her roles in an enormous trip-and-fall fraud scheme. Legislation enforcement officers succeeded of their prosecution of an $18 million staff’ compensation fraud case.

Insurance coverage fraud turned a part of the information of homicide and politics. A ship insurance coverage declare fraud investigation was an integral piece of the homicide case in opposition to a Vermont man discovered lifeless in jail whereas awaiting trial on fees he murdered his mom. In politics, insurance coverage fraud fees swirled round former President Donald Trump and round an affiliate of U.S. Senator Robert Menendez.

Listed below are the highest 12 East insurance coverage fraud tales of 2023.

1. Man Pleads Responsible to Certainly one of New York’s Greatest No-Fault Insurance coverage Frauds Ever
2. Insurance coverage Dealer in Menendez Corruption Case Allegedly Bought Senator’s Assist With Fraud Case
3. Vermont Man Accused of Homicide, Inheritance and Insurance coverage Schemes Dies in Jail
4. New York No-Fault Fraudster Pleads Responsible, Agrees to Pay $40M in Restitution
5. New York Legal professionals, Physician Sentenced in $31 Million Journey-and-Fall Insurance coverage Fraud
6. Pennsylvania Socialite, Convicted of Thousands and thousands in Insurance coverage Fraud, Dies at 71
7. Protection Knowledgeable at New York Trump Trial Testifies He Sees No Proof of Fraud
8. Boston Employment Company Proprietor Sentenced for Tax and Staff’ Compensation Fraud
9. Trump Discovered Accountable for Fraud in New York Lawyer Common’s Case
10. Credit score Union Employee Set Fireplace to Get Insurance coverage to Substitute Cash She Stole
11. Insurers Cheated Out of Thousands and thousands in False Claims for Misplaced or Broken Cell Telephones
12. New York Fund Receives $7.75 Million After Staff’ Compensation Fraud Prosecution

Subjects New York Fraud