Insurance fraud occurs when any act is committed with the intent to fraudulently obtain some benefit or advantage to which they are not otherwise entitled or someone knowingly denies some benefit that is due and to which someone is entitled, also known as a Krut. False insurance claims are insurance claims filed with the intent to defraud an insurance provider.
Accident Claim Fraud
Nomadic individuals are obtaining (possibly from vehicle break ins/ unlocked vehicles) auto insurance policy information. The individual is then calling the insurance company acting like they are the insured. This individual will report the accident, admit that it was 100% their fault, claim no damage / minor damage to their vehicle, and state that the vehicle they struck has damage. The individual will provide the other driver’s information to the insurance company, or the claimant driver will call the insurance company. The claimant driver is either the person claiming to be the insured, or another nomadic individual. Damage to the claimant vehicle may be pre-existing, or damaged is caused.
Elder Bump: Auto vs. Pedestrian
It usually happens in a parking lot. The pedestrian claims that the elderly driver backed up and struck him/her while (s)he was walking. The pedestrian goes to the hospital on his/her own claiming headaches, nausea and soft tissue damage. The pedestrian pushes for direct early settlement. The ID is often false and (s)he may use an associate as a witness. The hospital is never paid.
Fake Car Insurance
Beware of this post-lockdown insurance Scam:
Online con-artists are targeting vulnerable divers with cheap insurance offers,
Drivers returning to the road after lockdown are being urged to watch out for fake car insurance deals.
As work and social lives begin to return to normal for millions of drivers, fraud experts are warning of criminals taking advantage of drivers looking for cheaper insurance.
Data released by Action Fraud shows sales of fake car insurance doubled in July 2020 as restrictions eased from the first national lockdown and there are fears this pattern could now be repeated.
Source: https://www.nationalworld.com/lifestyle/cars/drivers-urged-to-beware-of-this-post-lockdown-insurance-scam-3243786
Online con-artists are targeting vulnerable divers with cheap insurance offers,
Drivers returning to the road after lockdown are being urged to watch out for fake car insurance deals.
As work and social lives begin to return to normal for millions of drivers, fraud experts are warning of criminals taking advantage of drivers looking for cheaper insurance.
Data released by Action Fraud shows sales of fake car insurance doubled in July 2020 as restrictions eased from the first national lockdown and there are fears this pattern could now be repeated.
Source: https://www.nationalworld.com/lifestyle/cars/drivers-urged-to-beware-of-this-post-lockdown-insurance-scam-3243786
Insurance Fraud: Stolen Registration
A New York officer noticed a trend in insurance fraud.
They have taken multiple cases in which unknown person(s) have opened up insurance policies in the victim's name and address under the victim's owned vehicles.
An insurance expert responded:
Yes , this is going on in Philly and Florida. The speculation is that they are finding unlocked cars and stealing the insurance info, making the accident claim and stating they are 100% at fault. The other driver, which is either the same person pretending to by the insured, or a friend/ family member acting as the other driver. Simple, straight forward claim that pays a few thousand dollars. Do one a day, make a few thousand dollars a week ( tax free). Backed into the car, the guy was really nice about it, please take care of his damages as quick as possible.
The ones in Philly are Nomadic Organized Criminals.
https://www.rgare.com/knowledge-center/media/articles/nomadic-claims-the-rubik-s-cube-of-life-insurance-fraud
https://www.rgare.com/knowledge-center/media/articles/all-in-the-family-detecting-and-preventing-community-fraud
https://insurancefraud,org/publications/jifa-taking-the-life-out-of-insurance-schemes/
They have taken multiple cases in which unknown person(s) have opened up insurance policies in the victim's name and address under the victim's owned vehicles.
An insurance expert responded:
Yes , this is going on in Philly and Florida. The speculation is that they are finding unlocked cars and stealing the insurance info, making the accident claim and stating they are 100% at fault. The other driver, which is either the same person pretending to by the insured, or a friend/ family member acting as the other driver. Simple, straight forward claim that pays a few thousand dollars. Do one a day, make a few thousand dollars a week ( tax free). Backed into the car, the guy was really nice about it, please take care of his damages as quick as possible.
The ones in Philly are Nomadic Organized Criminals.
https://www.rgare.com/knowledge-center/media/articles/nomadic-claims-the-rubik-s-cube-of-life-insurance-fraud
https://www.rgare.com/knowledge-center/media/articles/all-in-the-family-detecting-and-preventing-community-fraud
https://insurancefraud,org/publications/jifa-taking-the-life-out-of-insurance-schemes/