Insurance fraud complaints are increasing in South Carolina

fraudulent insurance claims jail scam

The state has now reached an all time high, according to a report that was recently released. Complaints have been rising in South Carolina with regards to insurance fraud, to the point that they are now reaching the highest point that they have ever been, with over 1,200 having been filed last year. This, according to a report that was recently released by Attorney General Alan Wilson. The Insurance Fraud Division of the office of the Attorney General put out an annual report that underscored the fact that attorneys had…

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Insurance fraud rapidly growing among mortgage policies

homeowners insurance fraud

The rate of fraudulent cases has been rising very quickly, to the point of doubling in five years. The latest report based on Experian data has revealed that the rate of mortgage and insurance fraud has risen to 38 cases out of every 10,000 applications as of last year in the United Kingdom. This is over double the rate of the fraudulent claims that was recorded in 2007. The insurance fraud has been rapidly increasing since the start of the economic downturn and the credit crunch that was associated with…

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Insurance fraud study shows nearly a quarter of Americans approve of it

insurance agency overbilling fraud

The research showed that 24 percent of people in the United States think that the behavior is acceptable. The number of Americans who believe that insurance fraud is an acceptable behavior remains very high, as nearly a quarter of the people in the country feel that it is acceptable, according to a study. This same research indicated that the approval of the behavior has actually fallen over the years. Though the findings of the survey showed that 24 percent of Americans are alright with insurance fraud, this is actually a…

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Auto insurance fraud is rapidly growing in New York

Auto Insurance

This is forcing residents to have to pay more for their coverage as it is causing insurer costs to soar. A startup company that has placed its focus in auto insurance, has released an article that has detailed its data that suggests that cases of fraud are considerably on the rise in New York. The article provided an explanation of the upward trend of fraudulent claims within the state. It also went on to show that the auto insurance fraud is not a victimless crime, because it is causing residents…

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Insurance news from Ohio shows fraud is on the rise

California Insurance company Fraud scam

The state has received a record breaking number of allegations of fraudulent claims this year. Officials in Ohio have reported the insurance news that there has been a notable increase to the amount of fraud that is occurring in the industry. The scams are being blamed on the hard economic times and criminal activities in the state. According to the most recent Ohio Department of Insurance news, the combined efforts of insurers, agents, customers, police, and other parties have already generated 4,022 fraud allegations in the state as of last…

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New York doctors suspected of fraud to the personal injury protection system face possible decertification

New York has launched a meticulous statewide initiative to shut down medical offices that have been fraudulently billing for medical services for car accident victims under the no-fault personal injury protection (PIP) system in the state, when those services are either entirely unnecessary or were never administered in the first place. Under the new regulations of this initiative, any doctors who have taken part in these unscrupulous efforts to defraud the PIP system in New York will be committing professional suicide. The regulations are being issued by the Department of…

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NICB announces Q3 increase in questionable claims by 7 percent

The National Insurance Crime Bureau (NICB) has released its third quarter 2011 results from its referral reason analysis of questionable claims (QC). This report investigates six different types of claim referral reason categories. They are: workers’ compensation, casualty, property, commercial, vehicle, and miscellaneous. It compared the results among the third quarters of every year from 2009 to 2011. Questionable claims are those that are made to member insurance companies of NICB which must be referred to the bureau for closer review and potential investigation as a result of certain red…

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