Fireman's Fund Insurance Company Set to Pay $44 Million in False Claims Act Allegations Settlement
Fireman’s Fund Insurance Company has agreed to pay $44 million to settle allegations under the False Claims Act that it falsified documents and intentionally issued insurance policies that were ineligible under the U.S. Department of Agriculture’s (USDA) federal crop insurance program. Fireman’s Fund, an Allianz SE subsidiary that provides personal and commercial property insurance throughout the United States, operated and participated in the federal crop insurance program where it sold and serviced crop insurance policies that were reinsured by the USDA for a portion of the risks. The United States claimed that between Jan. 1, 1999, and Dec. 31, 2002, Fireman’s Fund knowingly issued federally reinsured crop insurance policies that were ineligible for federal reinsurance.