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Latest Insurance fraud Stories

2011-08-02 07:00:00

DES PLAINES, Ill., Aug. 2, 2011 /PRNewswire/ -- The National Insurance Crime Bureau today released Hot Wheels--its list of the 10 most stolen vehicles in the United States. The report examines vehicle theft data submitted by law enforcement to the National Crime Information Center (NCIC) and determines the vehicle make, model, and model year most reported stolen in 2010. To view the multimedia assets associated with this release, please click:...

2011-07-14 09:36:00

LIVONIA, Mich., July 14, 2011 /PRNewswire/ -- As the summer months bring warmth the warmth in turn brings out car thieves. Auto theft peaks in the hot months of July and August. H.E.A.T. (Help Eliminate Auto Thefts) once again cautions Michigan drivers to stay alert and be aware of their surroundings this summer as the rise in temperature often gives thieves easy access to vehicles and personal property. "School is out for the summer, which means vacations and outdoor activities with...

2011-07-13 07:00:00

CHESTER, England, July 13, 2011 /PRNewswire/ -- - One in 20 motorists under 35 confess to having 'staged' or invented an accident and claimed successfully - 1.3 million of all motorists have or would consider staging a car accident to claim on their insurance Recession-hit drivers in the UK are resorting to dangerous measures to make extra cash, according to moneysupermarket.com [http://www.moneysupermarket.com ]. Research from...

2011-07-12 07:00:00

COLUMBIA, S.C., July 12, 2011 /PRNewswire/ -- Nearly $12 million in auto insurance fraud was reported in South Carolina last year, with bogus vehicle claims accounting for more than three-quarters of the total ill-gotten gains, according to the state attorney general's office. OnlineAutoInsurance.com advises readers that those scams can cost them money. Authorities say defrauding insurers means more than just ripping off a company--it also causes increased premiums for policyholders and...

2011-07-06 07:10:00

CHARLOTTE, N.C., July 6, 2011 /PRNewswire/ -- A recent study revealed that insurance claims submitted for damaged HVAC units were overpaid by 65% in the first half of 2011. The study went on to show that overpayment was a result of insurance carriers who paid for replacements of entire HVAC systems, when only minor, less expensive repairs were required. "Our research found that the average claim submitted to insurance companies was the result of a homeowner being told by an HVAC company...

2011-06-20 06:47:00

NEW YORK , June 20, 2011 /PRNewswire/ -- The Organization of Chinese Americans, Lower East Side Coalition Housing Development, Inc., M&M Environmental Services, Cheeky Sandwich Shop and YJ Trading, Inc. today joined the Fraud Costs New York coalition - a broad-based group of elected officials, chambers of commerce, small businesses, civic associations, law enforcement and insurance trade associations committed to reforming New York's no-fault auto insurance system and stopping insurance...

2011-06-12 23:01:00

DALLAS, June 13, 2011 /PRNewswire/ -- The Texas Auto Burglary and Theft Prevention Authority (ABTPA) celebrates its 20th anniversary this year. The ABTPA--formerly the Texas Auto Theft Prevention Authority (ATPA)--was created in 1991 by the Texas Legislature to help combat the growing auto theft problem in the state. Since that time, the ABTPA and its grantees have reduced vehicle theft in Texas by 70 percent and recovered 1,640,605 vehicles, amounting to over $11.6 billion in recovered...

2011-06-06 08:00:00

WILMINGTON, Delaware, June 6, 2011 /PRNewswire/ -- The level at which healthcare insurance fraud operates in Florida (http://www.medicalbillersandcoders.com/0-florida-0-medical-billing.html) has shocked the National Health Care Anti-Fraud Association and The Department of Financial Services, a division of Insurance Fraud, that investigates frauds for all types of insurance. The intensity with which the frauds are planned has alarmed the investigators and given them enough reason to...

2011-05-16 09:21:00

CARDIFF, Wales, May 16, 2011 /PRNewswire/ -- Admiral research has shown there are a staggering 405,000 rear-end bumps in the UK each year*, accounting for one in four of all road accidents. Leading car insurance expert, Admiral looked at data from more than 200,000 of its accident claims in 2010 and found 27% of them occurred when one car hit another from behind. This is a 9% increase in the percentage of these types of accidents from 2009. Many rear-end accidents result in whiplash...

2011-04-26 08:39:00

ALBANY, N.Y., April 26, 2011 /PRNewswire-USNewswire/ -- Immediate reform of New York's fraud-riddled no-fault automobile insurance system is needed to stop criminals from cheating the state's citizens out of hundreds of millions of dollars a year, says the New York Insurance Association, Inc. (NYIA). In testimony prepared for delivery today at the New York State Senate Insurance Committee regarding no-fault auto insurance fraud, Ellen Melchionni, president of NYIA, identifies how the...


Word of the Day
caparison
  • A cloth or covering, more or less ornamented, laid over the saddle or furniture of a horse, especially of a sumpter-horse or horse of state.
  • Clothing, especially sumptuous clothing; equipment; outfit.
  • To cover with a caparison, as a horse.
  • To dress sumptuously; adorn with rich dress.
This word ultimately comes from the Medieval Latin 'cappa,' cloak.
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