77 Citizens Charged with Committing Insurance Fraud in 2017 - News Today in World

77 Citizens Charged with Committing Insurance Fraud in 2017

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Title : 77 Citizens Charged with Committing Insurance Fraud in 2017
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news-today.world | Criminal and civil orders result in $466,000 in fines and penalties

BALTIMORE –
The Maryland Insurance Administration continues to partner with federal, state and local government agencies, insurance carriers and producers to investigate and prosecute individuals and businesses for committing insurance fraud. For the calendar year 2017, Maryland Insurance Commissioner Al Redmer, Jr. authorized civil orders and criminal charges totaling $466,261 in fines, penalties and restitution. Insurance fraud is one of the most costly crimes in the country, costing consumers directly in the form of higher premiums.

“Our Insurance Fraud Division continues to investigate all tips regarding suspected civil and criminal insurance fraud,” said Commissioner Redmer. “We want Marylanders to know they can and should call us if they suspect insurance fraud. All tips are confidential and we follow up on each lead. The bad actors need to be held accountable for their actions.”

Over 40 individuals were ordered to pay $200,514 in administrative penalties and restitution for committing civil insurance fraud in Maryland. Additionally, the investigative work of the Insurance Fraud Division of the Maryland Insurance Administration led to 37 people being criminally prosecuted for committing insurance fraud, resulting in $265,747 in fines, penalties and restitution.


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