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.
The Insurance Administration is an independent State agency charged with enforcing insurance laws and regulations. Its Fraud Division, staffed by former law enforcement officers and prosecutors, investigates reports of fraudulent activity related to insurance matters. If you suspect that someone has committed insurance fraud, call the MIA’s Fraud Division hotline at 1-800-846-4069, or email a referral form to firstname.lastname@example.org. To learn more, please visit www.insurance.maryland.gov. The MIA publishes details of the fraud orders on its website; to view civil fraud and criminal fraud information look under Public Documents (http://insurance.maryland.gov/Pages/available-public-information/index.aspx).
To learn more about insurance fraud across the United States, visit the National Insurance Crime Bureau website: nicb.org. The National Insurance Crime Bureau is the organization dedicated to fighting insurance fraud and crime. The NICB partners with insurance companies, law enforcement agencies and regulators to identify, detect and prosecute insurance criminals. Watch the latest NICB video here.
About the Maryland Insurance Administration
The Maryland Insurance Administration is an independent State agency charged with regulating Maryland’s $28.5 billion insurance industry. For more information about the Insurance Administration, please visit www.insurance.maryland.gov or follow us on Facebook at www.facebook.com/MDInsuranceAdmin or Twitter at @MD_Insurance.
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