Posted January 16th, 2012
by Amelie Weedon
Often, the prevailing attitude regarding insurance fraud is that no one gets hurt. Many people believe that the big insurance companies can easily absorb the cost, while theyre simply taking back money that theyve been paying in premiums for years. In reality, insurance fraud costs American consumers upwards of $30 billion each year.
In conclusion, anyone who knowingly provides inaccurate information or doesnt divulge pertinent details during the application, underwriting or claim-filing process can potentially face fraud charges.
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Tags: Fraud, Insurance Fraud Posted in Insurance Updates
Posted February 18th, 2010
by admin
Matilda Gabin, a woman in Massachusetts wanted a new car. Instead of simply saving money and purchasing one at the dealership she decided she would commit fraud. Last October Matilda tried to involve her husband in the scheme and asked him to get rid of the car so she could file a stolen car report. After he refused and then separated from her, Matilda found someone else to complete the task.
According to The Eagle-Tribune, Matilda’s husband became afraid that he could get in trouble for fraud and the fake insurance claim so he called the insurance company and then the police. <
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Tags: Fraud, Insurance Fraud Posted in Insurance Quotes