Nov 30
One More Facet for Insurance Fraud
Insurance companies must hate it when they’re taken by one of their own. In Waukesha Wisconsin a prosecutor who vowed to file “numerous additional charges” against a former American Family insurance agent accused of setting up secret policies for unwitting customers has delivered on that promise, adding 100 felony counts.
The Waukesha County Assistant District Attorney said Wednesday that authorities believe that Nancy L. Paquette’s criminal scheme isn’t fully covered by the 106 counts she now faces, but the state’s six-year statute of limitations for felonies precludes her from filing further charges.
Paquette, 45, of Delafield was charged in the case in May in a criminal complaint that says she paid $200,000 of her own money to establish the policies while working out of a Waukesha office as an independent agent for the firm. The scheme, prosecutors say, paid off with big bonuses Paquette reaped after seemingly successful 11th-hour pushes in the closing days of policy sales campaigns.
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January 24th, 2007 at 1:58 pm
I hope insurance companies learn from these blogs. There are so many ways that people scam the insurance companies and they end up hurting us honest and hard working people. It is time for us to crack down and punish those scammers. I live in Florida and I think fraud is why the rates are so high. I may even have to move to another state. Also this is going to hurt the Real Estate market. Feel free to visit my Blog to find out more about this subject.
February 1st, 2007 at 2:48 pm
David – Thanks for your feedback. Unfortunately, there are a lot of illigit companies out there. That’s why it’s important to do a lot of research.
July 20th, 2007 at 1:49 am
Why is it that the insurance companies, generally, are quite good at chasing down fraud at the customer level? Yet, they are so bad at rooting it out when it comes to their own employees conning them?
Never could quite figure this discrepancy out.
–Jack Payne
http://www.sixhrs.com