Popular Searches: 　AIG 　china 　sunamerica+aig 　LIFE 　financial 　health
  • Share

Ex-Wisconsin Insurance Exec Charged in Scam

 

Thursday, Jun 04,2009, 1:36:08 PM   Click:

MADISON, Wis. (AP) - A former executive at General Casualty Insurance in Sun Prairie is accused of stealing more than $500,000 from the company over several years.

A federal grand jury returned an indictment Wednesday charging Douglas Nickerson with misappropriating funds.

The indictment says Nickerson concealed fraudulent payments totaling $823,000 to three companies, who were told to keep a portion of the money and give him the rest. The indictment says Nickerson pocketed an estimated $564,000.

Nickerson was General Casualty's property program manager during the alleged scheme, which lasted from 2003 to last year.

One businessman has also been charged with aiding and abetting. The investigation continues.

  • Share
  • Print

You may also be interested in:

Discuss this news

Click Here to see all comments
Please aware of self to obey the Internet related policy laws and strictly forbid to release porn, violence.
Appraisal:

Name:

Email:

Content:

Featured

BROOKLYN, NY -- (MARKET WIRE) -- 06/15/09 -- Colosa's open source business process management (BPM) software, ProcessMaker (http://www.processmaker.com), has been selected by Global Risk Partners to

Global Risk Partners Increases Speed and Accuracy of

BROOKLYN, NY -- (MARKET WIRE) -- 06/15/09 -- Colosa's open source business

No major storms have socked Florida for a few years now, but the residential property insurance market does not appear to be benefitting from that lack of catastrophes. State Farm Florida is still

Without the Wind Blowing, Florida Insurers Struggle to

No major storms have socked Florida for a few years now, but the residential

NEW YORK--(BUSINESS WIRE)-- The National Underwriter Company, the leading publisher of print, e-media and software products for the insurance and financial services industries, announced today the

National Underwriter Company Launches CFO Dialogues

NEW YORK--(BUSINESS WIRE)-- The National Underwriter Company, the leading

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has revised the outlook to negative from stable and affirmed the financial strength rating (FSR) of A+ (Superior) and issuer credit ratings (ICR) of

A.M. Best Revises Outlook to Negative for AXA

OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has revised the outlook to

TALLAHASSEE, Fla._An appeals court has backed a decision by state regulators rejecting State Farm's request to hike Florida property insurance rates by 47.1 percent. The Office of Insurance

Court OKs Florida's decision on State Farm rates

TALLAHASSEE, Fla._An appeals court has backed a decision by state regulators

WASHINGTON_The insurance lobby won't be able to block a public health plan because most Americans realize they would be better off if the industry had competition, HHS Secretary Kathleen Sebelius

AP INTERVIEW: Sebelius says insurers won't succeed

WASHINGTON_The insurance lobby won't be able to block a public health plan

Alltrust Insurance Company of China Ltd. recently gained approval from the China Insurance Regulatory Commission, the top Chinese insurance regulator, to expand registered capital by CNY 250 million.

Alltrust Insurance to Expand Registered Capital to

Alltrust Insurance Company of China Ltd. recently gained approval from the

MOST POPULAR