# insurance fraud
Latest news and articles about insurance fraud
Total: 2 articles found
PICC Faces Wave of Regional Fines as Regulators Flag Widespread Compliance Failures
PICC Property and Casualty has received at least 15 regulatory penalties since the start of 2026, with regional branches fined for falsified data, misuse of policy terms, fabricated intermediary fees and refusal to accept cash. Regulators have issued fines, warnings and long-term industry bans, exposing systemic weaknesses in internal controls across the insurer’s local operations.
How ‘Free’ Psychiatric Beds Became a Lucrative Fraud: Inside China’s Private Mental‑health Market
An undercover probe by New Beijing News uncovered systematic insurance fraud and abuse at private psychiatric hospitals in Hubei, where facilities recruit patients with promises of free care, fabricate diagnoses and billable treatments, and sometimes coerce or harm inpatients. The practices—paired with “fake discharge” tactics to evade audits—have siphoned public medical insurance funds and left vulnerable patients mistreated and trapped.