Latest Insurance fraud News

California doc pleads guilty to prescribing unneeded drugs

Sep. 28, 2022 19:28 PM EDT

SANTA ANA, Calif. (AP) — A physician pleaded guilty Wednesday to defrauding California’s Medi-Cal system by prescribing unnecessary drugs to more than 1,000 patients, prosecutors said. Dr. Mohammed El-Nachef entered pleas in Orange County to one count of insurance fraud and one...

Investment regulators accuse NC insurance magnate of fraud

Aug. 30, 2022 18:07 PM EDT

DURHAM, N.C. (AP) — Federal securities regulators on Tuesday formally accused a North Carolina-based insurance magnate, an associate and their investment advisory firm of defrauding clients out of over $75 million through complex schemes involving undisclosed transactions. ...

State Farm subsidiary to pay $100M for false Katrina claims

Aug. 24, 2022 20:03 PM EDT

GULFPORT, Miss. (AP) — State Farm Fire and Casualty Co., a subsidiary of State Farm Insurance, has agreed to pay the federal government $100 million in restitution over its alleged mishandling of flood insurance claims after Hurricane Katrina. The settlement marks the conclusion...

California surgeon pleads guilty in sober living fraud case

Aug. 15, 2022 23:15 PM EDT

LOS ANGELES (AP) — A surgeon and his girlfriend have pleaded guilty in an insurance fraud scheme that involved recruiting patients at Southern California sober living homes to undergo unnecessary surgeries and other procedures. Randy Rosen ran Wellness Wave, a surgical center in...