Insurance companies reported that ever since 2008 there has already been an increase of twenty four percent in suspicious claims. In that same year, over 74,146 questionable claims were discovered. A questionable claim is picked out when detected by fraud indicators used by the industry that may cite up to 7 reasons in each claim that may cause reason to be red flagged. These cases were then passed on to the National Insurance Crime Bureau (NICB) and were examined, compared and matched to prior incidents from other member insurance companies. Upon…
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Questionable tow and glass claims run rampant
When you think of insurance fraud what may come to mind is running a car off a cliff or starting a fire to collect, but trends are showing thieves going for smaller pay outs. It’s no surprise, insurance fraud has been around since the first insurance policy, but many are getting creative with the wash, rinse and repeat formula in fertile areas that have no-fault insurance laws like Florida and New York. According to the latest National Insurance Crime Bureau report auto glass claims have risen 511% since 2008 and…
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