November 24, 2024
LN BUTTON

Risky Business

Risky Business

Hotels are now smart

Hoteliers are now getting the better of fraudsters who approach their insurers with exaggerated and fraudulent insurance claims, which they say are pushing costs to the point where some businesses may have to close. Some claims have been pushed by guests who the hotels do not even recollect the incident!...

Fire for insurance

Three people have been charged with setting fire to their house for insurance money.  One of the residents was also charged with tampering with evidence. When the police went to arrest him on the charge of aggravated arson, he allegedly fled into a residence nearby and attempted to destroy documents...

Police chase

After some Saturday afternoon shopping, an insured was cruising down highway with his wife at the wheel and his three grandkids in the back seat. Out of nowhere, an SUV slammed into the rear of the family’s car. The driver allegedly speeding and swerving through traffic was escaping from the...

Sofa bumper

An insured was driving her two-seater convertible on her lunch break. She reported that out of nowhere there was a couch in the middle of the freeway in her lane. There were cars on either lane beside her and she couldn’t do anything but slam brakes. “The couch” not only...

Struck by lightning

Two women who repeatedly filed claims saying their property was struck by lightning were arrested for being part of an insurance fraud ring. One woman allegedly made false insurance claims by obtaining renters’ or homeowners’ policies and collected more than USD70,000 in two years. She also had help from a deputy...

Death on holiday

A mother and her son have been arrested for allegedly faking her death during a luxury holiday in a plot to claim a life insurance payout. The pair, claimed she had died in a car crash on holiday and submitted a death certificate to her insurance company. But officials at...

Tree hate

An insured sent a claim to his insurer that a tree had fallen on his car that was parked in his college parking lot. The incident totalled the car and it was towed away upon instructions from the insurer. In another freak incident, the driver ended up calling the insurer...

‘Sealed’ with a bite

A 14-year-old was bitten by a wild seal when he climbed over the fence of a coastline. The insured had stepped over to pet the animal and his parents were with him, filming the incident the entire time. The video showed a sign that forbid anyone from climbing over the...

Ponzi scheme

A 73-year-old former stockbroker persuaded people to invest up to GBP500,000 in fictional investments that offered a 7.5 percent return. He forged letters telling clients how well their investments were performing, even going so far as to pay dividends. Between 2006 and 2012, 10 victims lost a total of GBP1.2...

Hole-in-one Con

A con artist is facing charges of selling insurance without a licence. He pleaded guilty to three felony charges for selling insurance without a license and theft for failure to pay golfers hole-in-one awards ranging from USD10,000 to USD50,000. He sold hole-in-one insurance on his golf tournament marketing website and...

Previous Issue