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Insurance fraud refers to any intentional act committed to deceive or mislead an insurance company during the application or claims process, or the wrongful denial of a legitimate claim by an insurance company. It occurs when a claimant knowingly attempts to obtain a benefit or advantage they are not entitled to receive, or when an insurer ...
The internet has made it easier than ever to shop for and buy life insurance, but this added convenience requires a bit of caution. Criminals are out there committing life insurance fraud, and if...
A recovery room scam is a form of advance-fee fraud where the scammer (sometimes posing as a law enforcement officer or attorney) calls investors who have been sold worthless shares (for example in a boiler-room scam), and offers to buy them, to allow the investors to recover their investments. [92]
According to our recent “Keep Your Money Safe” survey, when victims of financial scams were asked what type of scam they had experienced, 27% said they had been the victim of phone scams ...
Sources ABCNews1.us ABCNews1.us Same owner as AJUAnews. [54] African News Updates africannewupsdate.com Same owner as News Updates South Africa. Published a false story about election fraud during the 2016 municipal elections in South Africa, which led to the Electoral Commission of South Africa filing a criminal complaint against the site owner.
The final reason life insurance isn’t a scam is an unfortunate reality: some people die unexpectedly. These tragedies occur regardless of the person’s financial preparedness and can devastate ...
Video aired on Good Morning America showing members of an insurance fraud ring setting up motorists -- mainly women -- for collisions is a demonstration of the depths they are willing.
The National Insurance Crime Bureau (NICB) is a U.S. insurance industry trade association focused on preventing, detecting and defeating insurance fraud and vehicle theft through information analysis, investigations, training, legislative advocacy and public awareness. [2] NICB's headquarters are in Oak Brook, Illinois.