Open Season for Drug-Insurance Swindlers

Holiday season coincides with the open enrollment period for Medicare prescription drug coverage, and regulators are warning that an increasing number of unscrupulous insurance agents also view it as open season for preying on older adults.

The wrongdoing, among other activities, involves violating federal regulations against door-to-door selling of coverage and the forging of signatures. "It's the wild, wild West out there," says Mary Jo Hudson, director of the Ohio Department of Insurance.