Tag: auto insurance fraud

Auto insurance fraud to blame for high costs

Julie Campbell
Auto insurance fraud

According to the industry, it is the scammers and thieves that are to blame for consumers having to pay too much. Drivers in Ontario, Canada have been complaining about the high cost of auto insurance, and the industry in that province has now responded by confirming that these consumers are right, consumers are paying too much. However, the reason for these skyrocketing prices is that fraudsters are keeping costs high for the insurers. Massive investigations into the auto insurance rates in Ontario have been underway since the NDP (New Democratic…

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Auto insurance scam popping up throughout UK

H. Cutner
auto insurance flash and crash fraud

Drivers are being cautioned about a new kind of fraud called “Flash and Crash” by the industry. Auto insurance industry officials in the United Kingdom are cautioning motorists regarding a new type of scam that has developed and that is becoming more widespread in the country, called “flash and crash”. The scam involves tricking drivers into thinking that a good Samaritan is helping them out. The way that the auto insurance scam functions is that the fraudsters wait for victims to start to drive out of parking lots, gas stations,…

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Auto insurance cost drops following crackdown on fraud

G. Turner
auto insurance rates

The price associated with covering a car has rapidly fallen since the new efforts went into effect. In the United Kingdom, the cost of auto insurance is dropping rapidly following a fraud and claim management company crackdown that has been very effective in shrinking the problem. According to recent data, the average annual comprehensive coverage quote has plummeted. The AA, over the past year, there has been a reduction in the size of comprehensive auto insurance quotes by approximately 10 percent. This is the largest decrease that has been recorded…

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Insurance fraud suspected as false BMV calls emerge in Indiana

H. Cutner
Auto insurance fraud

Warnings are being issued to residents of the state that the calls are not from the bureau. The BMV in Indiana has issued a warning to the residents of the state regarding an issue that could have to do with insurance fraud phone calls that are being received in the area. The bureau of motor vehicles has announced that there have been some suspicious phone calls. Some motorists in the area have been at risk of insurance fraud as a company that is claiming to be the Indiana Bureau of…

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Auto insurance fraud may be put to rest by driverless vehicles

Nordstrom
Auto Insurance

Driverless cars could be a powerful weapon against auto insurance fraud Auto insurance remains a problematic issue throughout the U.S. Fraud is quite common in this sector, especially in states like New York and Florida, and modern efforts to combat fraud on a legislative level have proven fruitless. The prevalence of fraud is causing auto insurance costs to skyrocket throughout the country, putting more pressure on lawmakers to find a way to crack down on fraud before costs begin to spiral out of control. The solution may be as simple…

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