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Car Insurance Fraud & Scams Cost Billions

FRAUD - Investigative Database

Six Shadiest Auto Insurance Fraud Schemes Article Courtesy of: ¬†Michael Estrin -¬†Bankrate.com Even if you never find yourself in the middle of one of its sleazy scams, auto insurance fraud hits you. Industry experts say it slows legitimate insurance claims, increases premiums and, in some cases, puts innocent victims in danger.. Law enforcement officials say fraud factors into as many as 1 out of every 3 auto insurance claims in New York City. The problem may be even worse in Los Angeles, the city that generates the most questionable claims potentially linked to organized crime, according to the National Insurance Crime Bureau. That trade group tracks fraud for insurers and ranks California, Florida, … [Read more...]

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