Live Insurance News

Black Friday auto insurance claims expected to spike

November 25, 2016November 23, 2016 G. Turner

Vehicle Theft black friday auto insurance claims

Consumers are being warned to take extra care not to draw attention to their vehicles from thieves. Black Friday auto insurance claims are always higher than the typical end of the workweek. As shoppers rush around trying to find the best possible deals, thieves attempt to grab those discounted items right out of the vehicles. NICB data showed that there were more than 2,000 reports of stolen vehicles on three days last holiday season. Christmas Eve, New Year’s Eve and Black Friday auto insurance claims for stolen vehicles broke the…

Florida continues to fight insurance fraud

February 18, 2015February 16, 2015 Marc

Law enforcement is looking for fake auto insurance cards in order to catch those that are committing fraud Law enforcement in Florida are beginning to grow more aggressive when it comes to fighting insurance fraud. Officers in Hialeah, Hialeah Gardens, and Medley took to the streets recently in order to find those that are using fake auto insurance cards. Law enforcement has been tasked with fighting fraud in Florida, where it has become a significant problem for the auto insurance industry. Insurance fraud is a national problem, according to the…

Insurance fraud to be highlighted at Colorado summit

October 21, 2014October 19, 2014 S.Vagus

National Insurance Crime Bureau to focus summit on fraud activity in Colorado Representatives from throughout the insurance industry will be flocking to Colorado to attend a fraud summit hosted by the National Insurance Crime Bureau. The summit will be focused on the Colorado insurance market, highlighting the problems with fraud it has experienced over the past several years. The state is home to a large number of staged auto accidents, thefts, and catastrophe-related fraud schemes that have placed a financial burden on consumers and insurance companies alike. State is attractive…

Insurance fraud prevention efforts are underway in Oklahoma

June 4, 2013June 3, 2013 H. Cutner

The state and the NICB are working together to stop false claims as filings are received following tornadoes. The National Insurance Crime Bureau (NICB) and the Oklahoma Insurance Department (OID) are working together in an effort to combat insurance fraud by educating residents at a time when approximately 23,000 claims have already been filed in the state in the wake of a stream of catastrophic tornadoes and other severe weather events in May 2013. The storms – which primarily occurred on May 19 and 20 – have generated auto and…

Insurance fraud is on the rise in Florida

March 16, 2013March 13, 2013 Logan B.

Florida grapples with growing insurance fraud problem Insurance fraud is growing in Florida, according to the National Insurance Crime Bureau, a non-profit organization that works to address insurance-related crimes. The organization has released a new study highlighting insurance fraud throughout the U.S. The study shows that Florida is experiencing a growing number of questionable insurance claims, many of which are within the realms of auto and homeowners insurance coverage. The growing prevalence of insurance fraud may be due to ineffective regulations in the state. Study shows questionable claims are becoming…