November 24, 2024
LN BUTTON

Risky Business

Risky Business

The ‘quick fix’

A restaurant owner in the middle of an ugly divorce saw his financial ruin on the cards and came up with a ‘workable’ solution: to gut his restaurant, collect the insurance and frame his wife as a terrorist. Apparently the insured was already being given the talk by his creditors,...

Life hacks

In other markets, a man legally changed his gender so he could get cheaper car insurance. The man decided to share his ‘hack’ on social media to tell the world on how to save money. He became a woman on paper to lower the costs of his insurance on his...

Behind private lines

A woman was at a family funeral and sitting in a stationery car with her grandmother. They looked up to see a van reversing toward her. She tried her in vain to signal and tell him to stop, but the hit took place and it looked like the entire driver-side...

Sleep racers

A woman who ran a sleep study clinic has been convicted on charges of running a healthcare fraud that siphoned millions of dollars from insurers. Patients who were referred by their doctors to the clinic for sleep studies were solicited “supplemental but medically unnecessary studies” as well. She covered the...

Fraudulent Principal

A high school principal was caught lying in her insurance application about her address to save on costs. She used a colleague’s address for two years consecutively, filed two insurance claims too. The claims brought her under the radar of the insurer. Once she realised she was being investigated, she...

Disgraced Manager

A senior manager at an insurance company has been booked by federal authorities for colluding with dummy insurance agents to cause losses to the company. The woman reportedly registered an insurance agent in the books of the company. When she was transferred to other branches, the agent’s licence followed her...

Damaged Gun

A client, wife and mother of national-level shooters claimed for a pistol that exploded during shooting practice. The insurer rejected the claim reasoning that the gun in question was old and damaged from wear and tear, without proper maintenance. The claimant promptly filed a lawsuit. The verdict: the insurer was...

The Call

This driver probably never thought of the future before he made a call to the police. His car broke drown and being the humanitarian, he called the police to notify them of the obstruction he was creating in the highway. As expected the police responded and a patrol car was...

Veterans in Hot Water

About 260 disabled war veterans have been hit with payment notices for a life insurance policy that they weren’t aware of being enrolled in, in spite of being automatically being covered for free by a federal department. They have been sent separate letters detailing the amount that needs to be...

The Ghosts

Launderette by day, insurance brokers by night. Two fraudsters have been found guilty of running a ghost broking operation from their legitimate laundry business which served as a fronting operation. What looked like a legitimate laundry business hid an elaborate insurance fraud scam. Visitors to the premises were getting fraudulent...

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