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How fleets and drivers can stay ahead of this rising insurance fraud scheme.
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As economic indicators of a financial slowdown grow more pointed, AF Editor Mike Antich cautions fleet managers to anticipate and prepare for mounting numbers of scam accidents putting their drivers and companies at risk.
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What does a predicted economic downturn mean for future business activity? As consumer vehicle repossessions increase, so too should insurance fraud. Here's why fleets need to watch out for staged accidents.
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A new study from the Insurance Research Council finds that crash injury severity is down but medical expenses reported by auto injury claimants continues to climb. A number of factors are fueling this trend.
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The “swoop and squat” scam is particularly popular with con artists specializing in staged crashes. Cell phone-using drivers, as well as young women and seniors, are common targets.
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State Farm offers advice to help drivers identify the signs of a staged collision aimed at committing insurance fraud.
Read More →According to a study by the National Insurance Crime Bureau (NICB), the number of questionable insurance claims resulting from staged or deliberate auto accidents rose substantially between 2008 and 2010.
Read More →DES PLAINES, IL - The number of suspicious auto accidents that were staged or deliberately caused by criminals in Florida has increased dramatically in the past year, according to the National Insurance Crime Bureau.
Read More →SANTA ANA, CA - The Orange County District Attorney's Office (OCDA) in California said it has charged 53 defendants following a five-month undercover sting targeting auto body repair facilities engaging in insurance fraud.
Read More →EAST ELMHURST, NY - Fraud and abuse in New York's no-fault auto insurance system equate to about 20 percent of every no-fault claim paid, according to Dr. Steven Weisbart, chief economist at the Insurance Information Institute (I.I.I.).
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