Ex-Insurance Adjuster To Pay $22M For Fraud Scheme
By Carolina Bolado (March 7, 2011, 7:55 PM EST) -- A New York federal judge ordered a former executive of an insurance adjusting company to pay $22 million Monday for his role in an alleged scheme to defraud Chubb & Son Inc. by submitting false or inflated claims and bribing experts and company employees.
Judge Carol Bagley Amon of the U.S. District Court for the Eastern District of New York issued an order adopting a magistrate judge's report recommending partial summary judgment against Elliott Zerring and the award of treble damages to Chubb & Son.
Zerring, the former chief executive officer of Great Neck, N.Y.-based Interstate Adjusters Inc., is one of...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!