Michigan auto insurance fraud is a daily part of life. Many of us give little if any though to auto insurance fraud as we go about our day. If the thought comes up, it is usually when we review our auto insurance premium. Unfortunately, there is a subculture in our state of bad operators who … Michigan Auto Insurance Fraud is a Daily Part of Life
This year, the 4th of July falls on a Friday. This is the first time in four years that we have the holiday fall next to a weekend. With the automatic three day weekend for most of working America, it is expected that their will be a record number of people off of work and … 4th of July Weekend Excellent Opportunity for Insurance Claim Surveillance
Insurance fraud in Michigan is a serious problem. Although most insurance carriers have a wide variety of ways to detect insurance fraud, particularly in the area of false casualty claims in auto accidents or workers compensation claims, but 5 common ways are tried and true and used most frequently. The top 5 ways an insurance … Top 5 Ways an Insurance Company Can Detect Insurance Fraud in Michigan
The reality is that most American’s will have to file a claim for insurance benefits at some point in their lives. The odds just work out that way. Unfortunately, insurance claims are constantly gamed by the claimant to not merely replace the value of the loss, but to benefit from it. This can be done … Padding, Inflating and Embellishing Insurance Claims
This year the training is entitled “Fraud Wars – The SIU Strikes Back”. This is the 19th Annual Training day held by MIIASIU. This is always a great event. If you attending, please stop by and visit the Sherlock Investigations booth.
Almost every month, we see another article about auto insurance fraud and the damage it is causes to auto insurance carriers, policy holders and the healthcare system. Michigan, the home of significant PIP fraud and abuses, and Los Angeles both announced new auto insurance fraud fighting initiatives just this past week. LA is intent on … Auto Insurance Fraud on the Rise and Being Targeted by Law Enforcement
Property claims fraud is often viewed as a small time or minor variety of insurance fraud. The policy holder inflates the value of this item a bit, adds one of two things to a stolen property claim; whats the harm in that? The reality is that this type of insurance fraud costs everyone to have … Property Claims Investigations Begin With Solid Interviews
One breakout growth industry these days is insurance fraud and exaggerated or fake injury claims lead they way. According to NICB (National Insurance Crime Bureau) the past three years have seen an increase in the number of Questionable Claims referred to them by insurers grow from 91,652 to 116,171. Auto insurance claims lead the way … Insurance Fraud, Exaggerated Injury Claims Continue to Grow in 2013
Questionable claims numbers and fraud costs expected to grow through 2016. Justin Stephani of the Insurance Networking News reports: As the industry attempts to keep up with the growth in insurance fraud and deploy more effective anti-fraud technologies, spending by U.S. P&C carriers on fraud solutions, split roughly evenly between analytics and scoring products and services, … P&C Insurance Fraud Escalates
ISO, a Verisk Insurance Solutions company, a firm dedicated to collecting property and casualty claim related information for the insurance industry, announced that it has exceeded collecting records on more than 800 million claims. The ISO database has redefined how the insurance industry investigates claims and fights insurance fraud. ISO now indicates that it has … ISO ClaimSearch Exceeds 800 Million Claims