On the Record
Richard Scrushy, former CEO of HealthSouth Corp., was ordered to pay $2.9 billion to investors for his involvement in an accounting fraud that almost toppled the company in 2005.
An Alabama … Read →
A retired Pennsylvania Superior Court judge serving a 46-month prison sentence for insurance fraud can keep his keep his $82,000 annual pension.
Michael Joyce, who began in April serving his sentence … Read →
A Louisiana preacher faces numerous charges after being accused of falsely obtaining a state insurance license and receiving commission on a policy for a person that never existed.
John Stephen Vaughn, … Read →
A Birmingham, Ala., broker-dealer, several of its senior officers and a handful of registered representatives, including two in New York, were charged in connection with “rampant churning of customer accounts” … Read →
Insurance agent indicted, accused of defrauding seniors out of $280,000
A Pikesville, Md., insurance agent was indicted by a Prince Georges’s County grand jury on six charges, including insurance fraud, for allegedly cheating three people out of $280,000 as part … Read →
The liquidation estate of Fremont Indemnity Co. should receive up to $37.3 million after California insurance regulators settled four suits stemming from its investigation into the 2003 failure of the … Read →
N.C. insurance adjuster charged with embezzling client’s premiums
The owner of a Greensboro, N.C., insurance adjusting firm has been accused of taking more than $89,000 in payments intended for one of her clients.
Ashley C. Waddell, 39, was arrested … Read →
The vice president of a Jacksonville, Fla., insurance agency was arrested for the second time in two months, charged with diverting more than $50,000 in an alleged scheme to defraud … Read →
Former Alabama insurance executive sentenced to 12 years in prison
The former executive of a property-casualty company based in Montgomery, Ala., will spend the next 12 years in prison and must repay $5 million to a Delaware-based insurer.
A federal judge … Read →
Two Nevada men were arrested on suspicion of auto insurance fraud in an incident that killed another man allegedly involved in the scheme.
Oscar Zavala-Gallegos, 23, and Jorge Moreno, 24, were … Read →

Federal health reform would add 10,000 jobs, $4.4 billion to Calif.
Lautenberg, Rubio want to cap TRICARE fees for military retirees
Health care cost at all-time high, despite lower rate of increase

Life insurers sell shares in British tech firm to Pa. company
FINRA estimate for IA SROs excludes monetary, administrative details
Most insurance agencies seeing better results than last year

Pa. broker adds $181,000 commission to $2.1M false insurance invoice
A.M. Best rates Pa.-based insurer’s outlook ‘negative’
With five-year plan stuck, House passes new short-term NFIP extension


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