Ohio’s Department of Insurance says that in 2012, it processed more than 7,000 allegations of agent misconduct and insurance fraud.
Lt. Governor Mary Taylor, who is also the state’s insurance director. said that the department identified more than 700 civil and criminal violations of Ohio insurance law and took administrative action against 167 insurance agence and agencies.
In addition, the department also assessed $134,900 in fines, and referred 71 individuals for prosecution.
http://liarcatchers.com/insurance_fraud.html
In one instance, the state even revoked the licenses of a man in December following an investigation that revealed he failed to submit a client’s annual annuity application and investment to the insurer. Instead, he deposited the client’s $30,000 check into his own personal bank account.
Taylor says that the Dept. of Insurance is working to increase awareness about the consequences of insurance fraud, while at the same time fighting the crime.
