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Latest Insurance fraud Stories

2010-05-04 08:00:00

DES PLAINES, Ill., May 4 /PRNewswire/ -- The National Insurance Crime Bureau (NICB) warned today that criminals are targeting innocent drivers with increasingly bold schemes aimed at defrauding insurance companies out of millions of dollars. To view the multimedia assets associated with this release, please click: http://multivu.prnewswire.com/mnr/nicb/43814/ (Photo: http://www.newscom.com/cgi-bin/prnh/20100504/MM97049 ) "Across the country we're seeing an alarming number of what we...

2010-04-29 11:35:00

TAMPA, Fla., April 29 /PRNewswire/ -- The recent eight-month investigation and dismantling of an organized "crash ring" highlights Direct General Insurance Company's ongoing collaboration with law enforcement agencies to thwart the dramatic rise of auto insurance fraud in Central Florida. Operation Crash for Cash is spearheaded by the Hillsborough County Sheriff's Office, with the assistance from the Florida Department of Insurance Fraud, the National Insurance Crime Bureau (NICB),...

2010-04-27 10:00:00

LIVONIA, Mich., April 27 /PRNewswire/ -- For a second consecutive year, following the release of the Automobile Theft Prevention Authority annual report, H.E.A.T. (Help Eliminate Auto Thefts) is cautioning Michigan drivers, and now auto dealers as well, to be aware of the growing trend in unconventional auto theft-related crimes. "With increased vehicle security features, and the continuing success of Michigan law enforcement's hard-working auto theft units, crooks are turning to new...

2010-04-21 10:51:00

Per Claim Severity Costs Reach Second-Highest Rate in Years, Fourth Quarter 2009 Figures Show EAST ELMHURST, N.Y., April 21 /PRNewswire-USNewswire/ -- 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.). This "fraud tax" works out to about $1,561 per claim, a figure which spread out statewide totaled nearly $230 million in...

2010-04-13 08:00:00

DES PLAINES, Ill., April 13 /PRNewswire-USNewswire/ -- The latest report from the National Insurance Crime Bureau (NICB) shows that motorcycle thefts in 2009 are continuing their downward trend. A total of 56,093 motorcycles were reported stolen to law enforcement in 2009, down from 64,492 reported in 2008, a 13 percent drop. The top five makes stolen last year were: (1) Honda, 13,688; (2) Yamaha, 11,148; (3) Suzuki, 9,154; (4) Kawasaki, 5,911; and (5) Harley-Davidson, 3,529. Combined...

2010-02-19 02:00:00

LONDON, Feb. 19 /PRNewswire-FirstCall/ -- The Injury Lawyers, the UK's leading personal injury claims lawyers, has launched a staunch defence of the industry. It follows accusations from car insurers that no win no fee claims lawyers are depriving insurers of profits*. According to Mike Gibson, spokesman for The Injury Lawyers, "The accusations we're seeing are unfair, not least because the Association of British Insurers have suddenly realised that fraud is costing them twice as much as...

2010-02-17 11:12:00

LIVONIA, Mich., Feb. 17 /PRNewswire/ -- H.E.A.T. (Help Eliminate Auto Thefts) responded today to 2008 statistics released by the Automobile Theft Prevention Authority (ATPA) in its annual report, which indicated a continued decrease in the number of traditional vehicle thefts in Michigan. "We expected and are pleased to see the continued decline in the number of vehicle thefts across the state," said Terri Miller, director of H.E.A.T. "However, the battle against auto theft-related crime...

2010-02-17 08:00:00

NEW YORK, Feb. 17 /PRNewswire/ -- When Dianne Rose, D.D.S., and her partner, Anthony Paciello, D.M.D., inaugurated P&R Dental Strategies, Inc. over 20 years ago to provide third-party claim review services for national insurance companies, trade unions, self-administered corporations and other dental claims payers, they could not have imagined how far they would eventually be able to take the art of insurance claim review. "When we started," Dr. Rose says, "we were building upon the...

2010-02-03 12:34:00

New York's Automobile Insurance System Is Currently 'Under Siege,' I.I.I.'s President To Testify ALBANY, N.Y., Feb. 3 /PRNewswire-USNewswire/ -- Fraud and abuse in New York's no-fault auto insurance system cost consumers and insurers nearly $230 million in 2009, constituting a "fraud tax" of $1,561, or 22 percent of every no-fault claim, according to Dr. Robert Hartwig, an economist and president of the Insurance Information Institute (I.I.I.). Since 2005, no-fault fraud has cost the...

2010-01-28 10:40:00

WASHINGTON, Jan. 28 /PRNewswire-USNewswire/ -- The following is being released by the U.S. Department of Justice: Good morning. I'm pleased to join Secretary Sebelius in welcoming you, and I thank you all for participating in today's important discussion. Let me also thank the National Institutes of Health for hosting us. It's fitting that we've gathered at NIH, where some of our nation's most innovative and collaborative thinking about health care is done. As we turn our attention to...


Word of the Day
drawcansir
  • A blustering, bullying fellow; a pot-valiant braggart; a bully.
This word is named for Draw-Can-Sir, a character in George Villiers' 17th century play The Rehearsal.
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