The News Review:
- 2 women accused of staging bogus funerals to collect insurance
- Fla. lawmakers ‘waking up’ to insurance failures
- Ping An Insurance says 2008 profit down 98 percent
- Brooke Corp.’s lending unit accused of fraud taking kickbacks
- Judge puts Coral Insurance in receivership
- Nevada woman suing ex over Marine son’s insurance
2 women accused of staging bogus funerals to collect insurance
Los Angeles Times
YSArticleContent { background-color:#FFFFFF;padding:18px;line-height:16px; }–>2 women accused of staging bogus funerals to collect insuranceThe pair bought policies on fictitious people and after the policies matured arranged for phony death certificates and burials or cremations for the nonexistent corpses a federal indictment says. By Rich Connell10:22 PM PDT April 8 2009Federal agents arrested two women Wednesday — including one who worked at a mortuary — on charges of staging phony funerals to collect an estimated $1 million in life insurance and other payments. The women bought insurance policies on fictitious people and after the policies matured arranged for bogus death certificates and burials or cremations for their nonexistent corpses according to a federal grand jury indictment. In one sham funeral for a “Jim Davis” at a Long Beach mortuary authorities allege the casket was loaded with various items to simulate the weight of a corpse. A grave plot was purchased in Compton and the casket buried according to court records. After the staged funeral and burial the women working with others filed false paperwork with the county indicating that the remains had been cremated and scattered at sea according to court records. Besides collecting life insurance payments advance payments secured by the policies were collected from financing companies to pay inflated funeral costs authorities say.
Fla. lawmakers ‘waking up’ to insurance failures
New York Times
The sudden turnaround amounts to a sobriety test some contend as the nation’s top and most damage-prone target of hurricanes tries to reduce its vast exposure to loss as scientists predict greenhouse gas emissions will fuel stronger winds and more powerful storm surges. “I think that everyone’s waking up” said Ron Reagan the state’s House speaker pro tempore a Republican and an insurance agent. The alarm can be heard too in the governor’s office as Charlie Crist (R) moves away from a position that helped get him elected — lowering rates — to acknowledging that coastal residents are bound to pay more for their risky real estate positioning. At the outset of 2007 Crist and lawmakers imposed a rate freeze on the state-operated insurance company Citizens Property Insurance Corp. the state’s largest insurer. The move followed a political campaign season filled with pledges to hold the line on premiums after a crushing series of storms 16 months earlier swamped private insurers and prompted many of them to retreat from the seashore.
Ping An Insurance says 2008 profit down 98 percent
Forbes
said Thursday its 2008 profit plunged 98 percent after a loss on its stake in troubled European bank Fortis NV. Profit for the year ending Dec. 31 fell to 477 million yuan ($69.
Brooke Corp.’s lending unit accused of fraud taking kickbacks
Kansas City Star
‘s lending unit accused of fraud taking kickbacks – Kansas City Star. on Wednesday filed a civil racketeering lawsuit against the company’s lending arm Aleritas Capital Corp. accusing it of fraud and taking kickbacks. onWednesdayfiledcivilracketeeringsuitagainstcompany’slendingarmAleritasCapitalCorp.
Related from Investingmonster: Keene-area residents caught in investment fraud
Judge puts Coral Insurance in receivership
Bizjournals.com
Leon County Circuit Court Judge Kevin Davey ordered Coral a residential property insurance provider headquartered in Hollywood into receivership for the purpose of rehabilitation effective today a release from the state’s chief financial officer said. Coral Insurance has about 11750 homeowner policyholders the release said. Coral has an agreement with Security First Insurance Co. of rmond Beach and the.
Nevada woman suing ex over Marine son’s insurance
San Jose Mercury News
Eleanor Dachtler filed a civil complaint Monday in Clark County District Court against Albert Anderson of Ventura County Calif. The lawsuit alleges Albert Anderson filed a false document naming himself the sole beneficiary of his son’s life insurance. Albert Anderson has an unlisted phone number and could not be reached for comment. A Las Vegas attorney who represented him in 2007 also could not be reached. Their son Marine Lance Cpl. Nicholas Anderson 19 was killed Nov.