On the Record
A former fishing boat crew member pleaded guilty to contributing to a conspiracy to help an owner sink his boat and collect the $400,000 in insurance.
SEC accuses investment advisor of selling fake securities on LinkedIn
The U.S. Securities and Exchange Commission accused an Illinois-based investment advisor with offering to sell fictitious securities on LinkedIn, the social networking site.
Construction worker guilty of fraudulently collecting unemployment
An Ashburnham, Mass., man pleaded guilty Jan. 3 to fraudulently collecting about $28,000 on two unemployment benefit claims while working for a construction company.
A group of people in Columbus, Ga., were sentenced recently for submitting fraudulent claims against their supplemental insurance policies with their insurer to fraudulently obtain more than $500,000.
A Buckhannon, W.Va., man pleaded guilty to defrauding insurance companies by staging vehicle accidents and filing fake claims.
GEICO was fined $100,000 by Washington State officials and ordered to refund about $7.5 million in overcharges to thousands of its customers in the state.
A Scranton, Pa., man was charged with insurance fraud for allegedly filing a false insurance claim after he reported multiple pieces of property stolen, including his truck.
N.D. insurance agent allegedly pockets premiums, accepts unlawful loan
A Bismarck, N.D., insurance agent and his agency were served a cease and desist order Dec. 15 for allegedly borrowing money from a client and misappropriating another client’s premium payments for personal use.
A Stamford, Conn., man pleaded guilty to conspiring to defraud more than 10 insurance carriers of about $1.7 million, according to federal prosecutors.
A former Martin County, Fla., insurance agent pleaded guilty to organized fraud concerning a Fort Lauderdale-based insurance company.

Obama to force insurers to give out birth control when employers won’t
Group representing 119 in Congress calls individual mandate illegal
Insurer fined for charging unapproved rates on students’ policies

Brokerage firm pays $3.3M for bad-mouthing insurance broker
Employee benefit offerings only as good as the discussion about them
Sponsors of 401(k)s adding features to boost participants’ investment

Mercury Insurance seeks agents, unveils new commercial auto product
Most, least expensive 2012 car models to insure announced
Two insurance agents allegedly stole $422,000 from family brokerage


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