“The Coalition Against Insurance Fraud’s Hall of Shame reveals the previous year’s largest, most-brazen or dumbest insurance schemes. Insurance fraud is an $80-billion crime annually, and has grown more violent and invasive in recent years. The No-Class of 2008 reflects that trend.”
Nine swindlers were selected to the Insurance Hall of Shame. Among them were an elected judge who fabricated auto injury claims, insurance agents who sold fake Workers Compensation policies, a serial home arsonist and dentists who performed useless root canals on children.
Possibly the most violent, two elderly women made friends with homeless men and took out a total of $3 million in life insurance on them. The women named themselves as beneficiaries and arranged for cars to run over the men. Both women received life for their scheme.
Source: Insurance Journal