Instant Insights / Insurance Fraud: Detection and prevention

Insurance fraud comes in many forms and can affect every area of the industry. These articles can help insurance professionals implement mitigation strategies and stop crime in its tracks.


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The fraudster faces up to 10 years in prison and a fine of up to $250,000 in fines. (Photo: Shutterstock) The fraudster faces up to 10 years in prison and a fine of up to $250,000. (Photo: Shutterstock)

A man who masterminded an automobile accident scheme that cost insurance companies millions in fraudulent claims plead guilty on Tuesday, March 11, 2020,  before a federal judge.

A release from the U.S. Attorney’s Office said Louis G. Aguirre, 59, admitted he helped orchestrate the scheme in Bergen County, N.J., by acting as a “runner” who identified and recruited accident victims.

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