Michigan insurance scam may have left many paying for phony coverage

Michigan insurance regulators are reporting that hundreds of drivers in Detroit may be victims of a scam. Nearly 1,000 fraudulent insurance policies were issued from a company based in Texas. State regulators have ordered Michigan-based Don Diamond and Ethos insurance to stop fraudulent deals as they continue investigating the situation. The policies in question seem to have originated from either Diamond or Ethos. Diamond argues that the fake policies come from malicious subcontractors in Detroit. While state regulators suspect that as many as 1,000 people have fallen prey to the…

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