Globe Life executives disregarded fraud, Fuzzy Panda says in short report

Fuzzy Panda Research says in a new short report that it has uncovered “extensive” allegations of insurance fraud ignored by management despite being “obvious and reported hundreds of times.” The firm said it reviewed hundreds of pages of court documents and interviewed dozens of former executives and agents and uncovered a whistleblower from the executive ranks “who showed us where the fraud was hidden,” adding that “We even went undercover to go through the recruiting process more than 10 times.” The firm said that the fraudulent policies are not a one-off, and that it uncovered insurance fraud at many of AILs largest agencies and by AIL’s top producers. Fuzzy Panda believes Globe Life and AIL executives were involved in a bribery and kickback scheme that a lawsuit estimates netted them more than $65M.