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
- Your client’s $3 million portfolio doesn’t tell you their insurance needs
- How life insurance can provide liquidity for wealthy families
- Retirement providers turn to digital engagement to retain assets
- Looking out for clients with diminished mental capacity
- House panel advances CLEAR Forms Act backed by IRI
More Advisor NewsAnnuity News
- What lower interest rates mean to annuity payouts
- AM Best downgrades A-Cap insurers amid financial and regulatory troubles
- Lawsuit claims Delaware Life hid billions in insurer-linked investments
- AM Best to Deliver Presentation at 2026 ACLI Annual Conference
- Global Atlantic Announces Launch of ForeLifetime Income, a New Fixed Index Annuity
More Annuity NewsHealth/Employee Benefits News
Life Insurance News