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Car insurance fraud costs billions annually and surged during the pandemic, with common schemes including staged accidents and billing scams. Nevada has more auto-related fraud than any other state.
The check variant of the overpayment scams, as well as other confidence tricks where scammers send the victim an illegitimate check, work in part because of the delay—sometimes days or weeks—between a customer depositing a check at a bank and the check clearing and being verified as legitimate.
Whether your bank refunds money lost in a scam depends on several factors: the type of scam, how you sent the funds, the bank’s policies and if you authorized the transaction. Learn more in our ...
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.
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 ...
Ashpia Natasha told WPIX that the Oct. 16 incident involving her car and another vehicle was probably a setup Woman Alleges Insurance Scam Attempt After Dash Cam Showed Car Backing Into Her ...
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.
A staged crash, or crash for cash is when criminals maneuver unsuspecting motorists into crashes in order to make false insurance claims. The cars generally suffer little damage in relation to the large demand that is then fraudulently submitted. According to the Coalition Against Insurance Fraud, staged car crashes are a growing criminal problem.