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The department also monitors the conduct of approximately 252,640 insurance agents and 19,220 insurance agencies doing business in Ohio. In addition, the department examines the financial soundness of insurance companies, as well as investigates consumer complaints and insurance fraud.
‘Car insurance is a scam’: Frustrated driver slams GEICO for 56% rate hike after she failed to read the ‘fine print’ on her policy Bethan Moorcraft April 13, 2024 at 2:58 AM
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 ...
Valchoice named Grinnell Mutual a Best Car Insurance Company in six states: Minnesota, [16] Nebraska, [17] North Dakota, [18] Ohio, [19] South Dakota, [20] and Wisconsin. [21] Valchoice used data from state insurance commissioners, the National Association of Insurance Commissioners , AM Best Company, and S&P to determine their ratings.
1. The Must Sell Now Scam. The FBI recently updated a longstanding warning to be on the lookout for a scam that cost car buyers more than $54 million between 2014-2017.
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Insurance fraud includes a wide variety of schemes in which insureds attempt to defraud their own insurance carriers, but when the victim is a private individual, the con artist tricks the mark into damaging, for example, the con artist's car, or injuring the con artist, in a manner that the con artist can later exaggerate.
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