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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 ...
A variation of this scam occurs in countries where insurance premiums are generally tied to a bonus–malus rating: the con artist will offer to avoid an insurance claim, settling instead for a cash compensation. Thus, the con artist is able to evade a professional damage assessment, and get an untraceable payment in exchange for sparing the ...
In January 2018, a class action lawsuit accused Centene's Ambetter marketplace healthcare plans of misleading enrollees about plan benefits. [ 36 ] [ 37 ] According to the lawsuit, people who bought Centene's plans had difficulty finding medical providers that accepted patients covered under Centene's policies.
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...
Insurance fraud is on the rise. Stay protected, drive smart, and make sure you've got the evidence on your side with the right dash cam for your needs. That Viral Insurance-Scam Crash Video Shows ...
Jack Kilmer plays a junkie attempting to get clean in the health insurance scam thriller "Body Brokers," written and directed by John Swab.
Between 1964 and its bankruptcy in 1973, the mutual fund and life insurance conglomerate Equity Funding ran a Ponzi scheme using fictitious life insurance policies. It sold these policies to reinsurance companies, using the money it received from these sales and from alleged deaths of policyholders to pay the incurred premiums.
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