Mumbai: The Malad police have registered an FIR against five people for cheating an insurance company executive of Rs 34 lakh in a cryptocurrency investment scam. Police are investigating further.

It wasn't that long ago that the insurance industry came together to tackle major personal lines fraud, so it should be easy ...

With this money diverted and insufficient funds to pay insurance claims, Florida fell even deeper into an insurance meltdown. Doug Quinn, executive ... it's fraud,'" Quinn said.