Tag: insurance fraud

Auto insurance lies are common among parents

G. Turner
Young Driver auto usage based Insurance

One in six are fudging the truth to help their kids to obtain coverage According to the results of new research thousands of parents are committing auto insurance fraud by pretending that they are the primary driver of a vehicle that is actually being used mainly by their student daughter or son. Up to one in every six young drivers are saving money on their coverage through dishonesty. The study was conducted by a website called Gocompare.com. It found that up to 16 percent of younger drivers are reducing the…

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Disability insurance fraud in New York City could reach $400 million

Julie Campbell
Disability Insurance Fraud

Fraudsters in the city have been found to have been scamming the system for decades. Last week, more than 100 former employees of New York City were charged with disability insurance fraud after having allegedly faked psychological issues in order to be able to collect their benefits. According to prosecutors on the case, the total that NYC has experienced in fake claims could reach $400 million. This total dates back over many years, to 1988. The prosecutors say that since that time there have been about $400 million in disability…

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Life insurance fraud sends man to jail for murdering his son

Julie Campbell
Disability Insurance Fraud

A New York man who killed his son to be able to collect benefits payouts has been sentenced to prison. A man named Karl Karlsen, who, in November, pled guilty to a charge of second degree murder of his son in order to commit life insurance fraud, has now been sentenced to 15 years to life in prison. The man was able to collect the payout of $700,000 on his son’s policies, as he was the beneficiary. Karlsen, 53 years old, admitted to shifting a truck off a truck under…

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Utah life insurance scam involved a man murdering his wife

G. Turner
Life Insurance Payment

Conrad Truman has been accused of killing his wife in order to receive her benefits payouts. A man has been charged with a vicious form of Utah life insurance fraud that involved murdering his wife in order to be able to collect on her policy benefits of over $800,000. The man cried over her body in the hospital but was then said to be acting strangely and obstructed justice. After Conrad Truman killed his wife for her Utah life insurance, Heidy, a victim advocate reported that his behavior, attitude, and…

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Homeowners insurance organization makes progress in Florida

S.Vagus
Florida homeowners insurance, Citizens Property

Citizens Property Insurance finds financial success Florida’s Citizens Property Insurance has been struggling beneath a shroud of controversy for the past year. The state-run insurer has been cutting policies in an effort to depopulate itself and reduce financial strain while also raising rates on insurance policies that it has maintained. This has generate a great deal of criticism that has been issued against the state-run organization as well as lawmakers, but it has also placed Citizens Property Insurance in the “best financial shape” it has ever been in, according to…

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