A Brooklyn, N.Y., insurance broker pleaded guilty to mail fraud in federal court in connection with a scheme using incorrect addresses to obtain lower auto insurance rates.

Pennsylvania authorities charged 24 people – including 17 New York residents and six New Jersey residents – with attempting to falsely claim Pennsylvania residency to obtain auto insurance rates up to $4,000 per year lower than in their state.

Four men accused of devising a rate evasion scheme in Pennsylvania that tricked insurance companies out of more than $500,000 face a host of charges, including insurance fraud.

The investigation, by …  Read →