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Global Insurance Fraud Floods N. Korea with Cash

North Korean leader profits personally from fires, disasters

By Jason Farago,  Newser Staff

Posted Jun 18, 2009 6:54 AM CDT

(Newser) – North Korea has collected hundreds of millions of dollars from global insurance giants on often suspicious claims of fires, floods, and other disasters, according to a Washington Post investigation. While insurers have kept mum about their losses, US officials and Korean defectors describe a sophisticated...   Read full story »

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