dumbest insurance fraud scams

Identity theft is on the rise

By Consumer Insurance Guide Staff
Identity theft is on the rise

Criminals continue to find innovative ways to steal personal information, causing consumers to look for ways to prevent and insure against it, according to the Insurance Information Institute. According to Javelin Strategy & Research, there was a 13 percent increase in this type of illegal activity in 2011. To protect against identity theft, it’s a good idea to review bank balances and credit card bills to confirm that all the transactions listed are legitimate. Consumers…

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Common car crash scams and how to avoid them

By Consumer Insurance Guide Staff
Common car crash scams and how to avoid them

Although most car crashes are unintentional, there are criminals who cause a wreck on purpose with the intent of defrauding an innocent victim’s insurance company. By knowing how these schemes work, motorists have a better chance of avoiding them. Florida’s Department of Financial Services’ Division of Insurance Fraud, the National Insurance Crime Bureau and the Florida Highway Patrol are collaborating on a campaign to put a stop to staged crashes. Criminals use paid witnesses, unethical…

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The face of fraud: 11 dumbest insurance scams

By Hollie Smith
The face of fraud: 11 dumbest insurance scams

It’s no secret that many insurance fraud schemes involve murder, illicit activities, and mountains of debt. And of course, many involve idiots. Yes, people have been known to attempt the dumbest feats to get a quick payout, oftentimes getting caught in the process and facing probation, hefty fines, and time in the slammer. “[People are driven by] desperation, greed and a lack of common sense, it depends who you are, how bad the economy is,…

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