Preying on the helpless

Headden, Susan; Witkin, Gordon
May 1993
U.S. News & World Report;5/24/93, Vol. 114 Issue 20, p48
Reports that insolvencies among American insurers have more than tripled in the past decade, and the reason isn't just a bad business climate. Regulators cite a rising tide of criminal corporate behavior. Premium diversions; Phony assets; Small-business scams; The offshore dodge.


Related Articles

  • Bringing the facts to light.  // National Underwriter / Life & Health Financial Services;1/24/94, Vol. 98 Issue 4, p18 

    Editorial. Comments on the incidence of fraud cases against insurance companies in the United States. Charges of fraud against the Kentucky Central Life Insurance Company; Reasons for growing incidence of fraud cases.

  • Bad news. Piontek, Stephen // National Underwriter / Life & Health Financial Services;2/7/94, Vol. 98 Issue 6, p39 

    Comments on unpleasant developments on insurance companies and executives in the United States. Sales practices scandals at Metropolitan Life and Prudential and Prudential Securities; Charges of reckless disregard against former officers of Kentucky Central Life; Charges of mail fraud and...

  • DOL cracks down on fraudulent health plans. Flynn, Gillian // Personnel Journal;Jun94, Vol. 73 Issue 6, p126 

    Highlights the lawsuits filed by the Department of Labor against health insurance providers that did not pay benefit claims. Facts and issues of the lawsuit.

  • Researching life insurance can save time, maybe money. Napach, Bernice // Medical Economics;11/11/96, Vol. 73 Issue 21, p24 

    Warns consumers on the proliferation of misleading sales practices among insurance companies. Use of Internet as source of price quotes on different insurance policies.

  • Misled when you bought a cash-value policy? Napach, Bernice // Medical Economics;01/13/97, Vol. 74 Issue 1, p19 

    Reports that a number of insurance companies in the United States have agreed to pay damages to policyholders for allegedly misleading sales practices. Agreement as settlement of a number of class-action suits; Other key provisions in the settlement agreement.

  • State cracks down on insurance company fraud.  // Hudson Valley Business Journal;3/3/2010, Vol. 21 Issue 9, p25 

    The article reports on the recovery of 32.3 million dollars as a result of the complaints filed by the consumers in the New York State Insurance Department about an insurance company's corrupt practices.

  • Abuse victim protection model eyed. Otis, L.H. // National Underwriter / Property & Casualty Risk & Benefits Manag;01/06/97, Vol. 101 Issue 1, p4 

    Reports on the contention by Mark L. Kramp, counsel with State Farm Insurance Companies, Illinois, that fraud could be encouraged by a model law designed to protect abuse victims from discrimination by property-casualty insurers. Sufficiency of anti-discrimination laws for victims of abuse;...

  • Urban blacks pay higher home insurance: ACORN.  // Jet;3/1/93, Vol. 83 Issue 18, p5 

    Reports that black city dwellers have trouble buying homeowners insurance and when they do, they often pay higher premiums for less coverage, according to the Association for Community Organizations for Reform Now (ACORN). Comparisons to whites with similar incomes; Apparent use of `redlining'...

  • Another Blues plan is sued over secret discounts. Rose, Joan; Potter, Debra // Medical Economics;9/11/95, Vol. 72 Issue 17, p23 

    Cites Blue Cross and Blue Shield of New Mexico as the Blues plan to be sued for not passing on to its insureds secret discounts it negotiates with providers. Allegation; Twenty similar cases.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics