Michigan Department of Insurance and Financial Services (DIFS) Director Anita Fox announced today that an Oakland County woman charged with auto insurance fraud has been arraigned.
Cathy Rice, 60, of Bloomfield Hills, was arraigned on November 28 in Oakland County’s 48th District Court on the following felonies:
• one count of false pretenses $1,000 or more but less than $20,000, punishable by 5 years and/or $10,000, and
• one count of insurance–fraudulent acts, punishable by 4 years and/or $50,000.
“When insurance fraud is committed, everyone pays. Not only does the defrauded party suffer a loss, but fraud can drive up insurance premiums for all Michiganders,” said DIFS Director Anita Fox. “If you suspect insurance fraud, I urge you to report it online at Michgan.gov/ReportFraud2DIFS or by calling 877-999-6442 Monday through Friday 8 a.m. to 5 p.m.”
The complaint alleges that in 2020, Rice was paid over $12,000 for case management services to an auto accident survivor that were never provided. The DIFS Fraud Investigation Unit was assisted by the Bloomfield Township Police Department and the Oakland County Prosecutor’s Office in this investigation.
Rice has a preliminary examination set for January 12, 2023.
Climate change leads ESG criteria for money managers and institutional asset managers
DOL receives nearly 50k comments on independent contractor rule
Advisor News
- Industry groups applaud House passage of Financial Exploitation Prevention Act
- Younger workers more likely to be eligible for a retirement plan after changing jobs
- Bank of America community event unpacks sales tax hike, small business struggles
- CONGRESSMAN VALADAO DEMANDS ANSWERS FROM CALIFORNIA OVER HEALTHCARE TAX HIKE
- How executive benefits impact an estate plan
More Advisor NewsAnnuity News
- State Farm’s agency overhaul: What distribution can learn
- IRI, ACLI express support for CLEAR Forms Act
- A new era at the Federal Reserve
- Globe Life Inc. (NYSE: GL) Making Surprising Moves in Tuesday Session
- Why annuities are gaining traction with younger investors
More Annuity NewsHealth/Employee Benefits News
- Maryland health insurers want to raise premiums an average 13.7% for individual plans in 2027
- Maryland health insurance rates could rise 13.7% in 2027 under proposal
- Millions drop Obamacare health coverage after subsidies expire and costs rise
- Improving how we deliver healthcare in Idaho
- Healthcare system needs a public option
More Health/Employee Benefits NewsLife Insurance News
- AM Best Affirms Credit Ratings of Misr Insurance Company
- State Farm’s agency overhaul: What distribution can learn
- They Allegedly Enrolled People In Life Insurance Without Consent. Then Death Claims Paid Out
- How much do state residents need to retire comfortably?
- How executive benefits impact an estate plan
More Life Insurance News