Insurance fraud is on the rise in Florida

California Insurance company Fraud scam

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…

Read More

Auto insurance fraud on the rise in Nevada

Auto Insurance

Auto insurance fraud turning Nevada highways into dangerous territory Fraud is nothing new in the world of business, especially when it comes to auto insurance. Auto insurance fraud is on the rise in Nevada, according to the state’s Highway Patrol. Law enforcement officials claim that the number of staged accidents is climbing and that these accidents often revolve around the trucking industry. The prevalence of fraud is causing the cost of auto insurance to spike in some parts of the state, especially in Las Vegas, where staged accidents occur frequently.…

Read More

Insurance fraud becoming more prolific in Ohio

homeowners insurance fraud

Ohio continues to grapple with insurance fraud Insurance fraud hit a high in Ohio last year, according to the state’s Department of Insurance. The state agency has released data concerning the reports of insurance fraud and agent misconduct it had received throughout 2012. Regulators have been working to rein in on fraud throughout the state more aggressively. Fraud is often one of the major contributory factors to rising insurance prices, and regulators are keen to keep insurance rates manageable for consumers throughout Ohio. Agency received 7,274 allegations of insurance fraud…

Read More

Nebraska insurance firm files lawsuit against Lance Armstrong

Nebraska insurance company sues Lance Armstrong

The insurer has now sued the cyclist for collecting performance bonuses worth $3 million by cheating. Lance Armstrong isn’t finished seeing the backlash from the discovery that he cheated during his major cycling competitions – such as the Tour de France – as a Nebraska insurance company has now filed a lawsuit against him for wrongful collection of payments. The company alleges that he cheated in order to take in a $3 million performance bonus. This performance bonus was offered by the Nebraska insurance company when Armstrong’s team purchased a…

Read More

Crop insurance fraud detected in NC worth $21 million

Crop Insurance Fraud

A North Carolina man will now be going to jail for his role in the multimillion dollar scam. A man living in North Carolina will be leaving his current home in order to take up residence in jail after having taken part in a crop insurance fraud scam that is currently estimated to have stolen approximately $21 million. The scandal has stretched over several participants but this individual has just pled guilty to his crimes. The man’s name is Jimmy Thomas Sasser, from Wilson, North Carolina. On Wednesday, he stated…

Read More