Canadian auto insurance fraud is racking up a massive $2 billion annual bill

auto insurance fraud

According to a recent report, many Canadians are regularly scamming their insurers, forcing premiums up. A new Aviva Canada report revealed an auto insurance fraud trend costing insurers $2 billion every year. This added expense to insurers is leading them to increase premiums to compensate for the fraudulent claims payments. Drivers across the country are being forced to pay for an incredible $2 billion in added fraudulent expenses. The Aviva Canada report was published under the title “Crash, Cash and Backlash: Aviva Fraud Report 2017.” It pointed out that honest…

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Recent insurance fraud investigation puts high-ranking Philadelphia fire official in jail

Yolanda Stallins Insurance Fraud Investigation

Yolanda Stallings, a 14 year veteran of the Philadelphia Fire Department was arrested, facing several charges. A recent insurance fraud investigation brought investigators to an unexpected source: a highly respected, upper ranking Philadelphia fire official. The Philadelphia Fire Department’s (PFD) website had yet to be updated by the time this article was written. It stated that the accused, Yolanda Stallings, has been with the PFD for 14 years and is an “Executive Chief of Strategic Planning.” Stallings is also the first African American woman to be a PFD Executive Team…

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NYPD caught burning vehicles for fraudulent insurance claims

life insurance scam

The police officer was busted by federal investigators who caught him torching two cars and a Range Rover. Fraudulent insurance claims were the center of a scheme implemented by an NYPD officer. He was caught after having burned a Range Rover in addition to two of his other vehicles. By the time feds caught him, GEICO had already issued at least $34,000 in reimbursement payments. Carlos Becker promised two men money in exchange for their assistance in crashing and burning his Range Rover. That was back in September 2012. The…

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Auto insurance fraud is a costly problem in Ireland

auto insurance fraud

Report highlights the growing costs associated with auto insurance fraud Auto insurance fraud is beginning to weigh on consumers in the United Kingdom. According to the Automobile Association, Ireland is feeling a significant degree of financial pressure caused by fraud. A recent report from the organization shows that, on average, drivers are paying approximately $50 more a year on their coverage, largely due to the fact that insurers are attempting to recover from the financial losses they experience as a result of fraud. Anti-fraud system has not yet been launched…

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Illinois Startup Aims To Make Dashcams Popular In The USA

Willowbrook, IL – Illinois-based online startup Eyewitness Dashcams aims to bring dashboard cameras to the United States on a large scale. They aim to educate the public about dashboard cameras and show them as an important part of car security. Dashboard cameras are small recording devices that don’t mount on the dash as the name suggests, but on the windshield or behind the rear-view mirror, capturing everything that someone sees while driving. These cameras are very popular in countries like Russia and South Korea, where insurance fraud is quite rampant…

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Auto insurance fraud is growing in the UK

auto insurance refund Senior Man Driving A Toy Racing Car

Fraud is beginning to expand throughout the United Kingdom Auto insurance fraud continues to expand in the United Kingdom. According to the Association of British Insurers, fraud is quickly becoming one of the most problematic challenges that the insurance industry is facing. The number of fraudulent insurance applications, in particular, is increase, which is beginning to put more strain on insurance companies and is leading to higher costs as insurers invest more in anti-fraud measures. Auto insurance fraud is likely to place consumers under greater financial pressure, as well, as…

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Widespread auto insurance fraud detected through driver database

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Within the first year that insurers have had access to this database, there has been an 18 percent increase in detection. By the first anniversary of the day that the government in the United Kingdom provided auto insurance companies with access to the details of more than 40 million motorist details through a driver database, the insurers were capable of using the information to detect a far higher number of fraudulent applications. In fact, there was an 18 percent increase in the number of detection of lies on application forms…

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Auto insurance fraud is coming back to the UK

auto insurance ride share

Insurers are seeing a growing number of fraudulent whiplash claims coming from drivers and other parties Drivers in the United Kingdom can expect to pay more for their auto insurance coverage, as the plague of fraudulent whiplash claims has returned and may be worse than ever. Fraud has placed many insurers under greater financial pressure, and falling profits typically mean higher insurance premiums. As fraud becomes more prevalent, drivers may see an increase in their auto insurance premiums of an average of 15% next year. Fraud is becoming more common…

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Massive insurance fraud scam involves 33 people crashing cars

auto insurance fraud accident

In Santa Clara County auto insurers were scammed by a huge number of their policyholders. According to the Office of the District Attorney in Santa Clara County, there were 33 people involved in a tremendous insurance fraud scam, as they deliberately crashed older cars into each other in order to be able to file claims. The insurance companies were the victims of an alleged scam that had them paying for the deliberate crashes. The majority of the defendants were from San Jose. Each of them has now been charged with…

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Auto insurance fraud could lead to a spike in premiums in the UK

auto insurance fraud accident

Insurance premiums may rise due to insurance fraud Auto insurance prices in the United Kingdom may be in danger of spiraling out of control, according to AA Insurance. Over the past few years, insurance premiums have been falling for drivers throughout the country, but this may soon change if action is not taken against the growing problem of insurance fraud. AA Insurance suggests that fraud is becoming a very problematic issue in the auto insurance sector, with insurers facing significant financial losses from fraudulent claims. Fraudulent claims are having an…

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