A federal judge in Detroit dismissed a suit against the U.S. government, seeking payment for the loss of a $750,000 Ferrari crashed by an FBI agent.

Two firms have announced separate investigations into possible claims of wrongdoing against officers and directors of a specialty finance company that proves premium financing of insurers’ individual life insurance policies.

Federal prosecutors, armed with two new health care fraud teams since February, may log an 85% increase in the number of health care fraud prosecutions this year, compared to last year, a new study says.

A former vice president at Harbor Financial, an insurance brokerage in Baltimore, Md., was indicted by a federal grand jury in connection with an alleged scheme to defraud his clients of more than $838,350.

A hearing is scheduled for June 13 in Detroit in a civil case pitting an insurance company against the U.S. Justice Department over the destruction of a 1995 Ferrari F50 worth $750,000.

A former Ward 7 advisory neighborhood commissioner in Washington, D.C., was convicted by a jury of six felony counts in connection with his receiving of nearly $33,000 in false insurance benefits.

Insurance contracts between the Toms River (N.J.) Regional School District and an insurance firm with offices in New Jersey and Maryland is likely the focus of a federal investigation, according to a published report.

The owner of a Kennett Square, Pa., investment firm is accused of running a $25 million Ponzi scheme, allegedly using the profits to purchase homes throughout the East Coast.

The owner of a California-based automobile glass replacement company with more than 60 stores nationwide was convicted on several counts, including overcharging insurers for moldings and other parts never used.

A California man was arrested for allegedly attempting to extort $200,000 from a New York-based life insurance company by threatening to send false statements about the company in emails to customers and insurance agents through a spam email campaign.