RALEIGH, N.C., June 23, 2011 (GLOBE NEWSWIRE) -- G4S Compliance & Investigations (G4S) and Homesite Insurance Company announce the arrest and conviction of an insured homeowner for submitting a falsified insurance claim.
Jonathan Fry of Pennsylvania attempted to defraud Homesite Insurance by filing a bogus property loss claim in excess of $25,000. The adjuster handling Mr. Fry's claim identified several red flags of suspicion as he worked through the claim adjustment process. Among the documents provided for proof of ownership, Mr. Fry submitted receipts with clear discrepancies and errors. G4S, the Special Investigation Unit for Homesite Insurance, was assigned to investigate. G4S Investigators obtained statements from witnesses and collected other relevant evidence that assisted in determining the true facts of the reported loss and subsequent false receipts and documentation submitted by the insured. On May 3, 2011, Jonathan Fry pled guilty to one count of third degree Insurance Fraud, was ordered to pay $500 to the Insurance Fraud Prevention Authority, including prosecution costs, and was ordered to perform fifty hours of community service.
"Everyone pays for insurance fraud through increased premiums and increased costs for goods and services," said Michael Malone, President of G4S Compliance & Investigations. "This arrest shows that there is no safe haven for those who commit criminal acts against their insurance companies."
The arrest and conviction of Mr. Fry is the culmination of an in-depth investigation conducted by G4S and the keen eye of Homesite's adjuster who identified the potential red flags.
Alex Punsalan, Vice President and Chief Claims Officer stated, "This conviction is proof of Homesite's commitment to the fight against insurance fraud. If anyone has filed a fraudulent claim or is thinking about filing a fraudulent claim against Homesite they should know that we will prosecute them to the fullest extent of the law."
About G4S Compliance & Investigations
G4S Compliance & Investigations is a global provider of enterprise investigation management solutions. Our value added solutions include: Insurance, Commercial and Government Risk Solutions. G4S offers a unique combination of best-in-class investigation experts, compliance and technology to provide users with customized investigation solutions uniquely tailored to meet their needs. For more information visit: www.g4s.us/investigations.
About G4S plc
G4S is the world's leading security solutions group, which specializes in outsourcing of business processes in sectors where security and safety risks are considered a strategic threat.
G4S is the largest employer quoted on the London Stock Exchange and has an additional stock exchange listing in Copenhagen.
G4S has operations in more than 125 countries and more than 625,000 employees. For more information on G4S, visit www.g4s.com
The G4S Compliance & Investigations logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1500
About Homesite Group Incorporated
Homesite writes homeowners, condominium owners and renters insurance policies in 47 states and the District of Columbia. Homesite's products are distributed through our own call centers, through selective arrangements with licensed agents and producers, and on the Internet. Homesite brings industry-leading technology, innovative marketing and distribution strategies, and expertise in catastrophe management to the home insurance business. Homesite is committed to providing quality insurance products, outstanding customer service, and competitive premiums to consumers across the nation.