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Unfortunately, insurance scams are just one type of auto fraud. According to a 2021 study using data from the FTC, Nevada is the worst state for auto-related fraud cases, with just over 346 cases ...
The state ranks number one in staged car accidents across the US according to the National Insurance Crime Bureau [20] [21] and is the most expensive state for auto insurance. Being a no-fault insurance state that requires a certain amount of personal injury protection for auto insurance, [ 22 ] insurance companies are required to pay up to ...
Geraldine Elizabeth Carmichael (born 1927 as Jerry Dean Michael) was briefly an American automobile executive and was a convicted fraudster.During the 1970s energy crisis, Carmichael promoted a prototype for a low-cost fuel-efficient car via Twentieth Century Motor Car Corporation, which car was never produced, and fled with investor money. [1]
Insurance fraud can be classified as either hard fraud or soft fraud. [14] Hard fraud occurs when someone deliberately plans or invents a loss, such as a collision, auto theft, or fire that is covered by their insurance policy [15] in order to claim payment for damages. Criminal rings are sometimes involved in hard fraud schemes that can steal ...
The risk of fraud is very high, so it becomes exceedingly important to research the facility, read reviews, and get a second opinion when one feels a little insecure about some repair or another ...
A ruling from the 5th Circuit Court of Appeals on Monday has struck down Biden-era consumer protections related to car buying, after a brief legal challenge to the rules from the National ...
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.
Motor vehicle theft or car theft (also known as a grand theft auto in the United States) is the criminal act of stealing or attempting to steal a motor vehicle. In 2020, there were 810,400 vehicles reported stolen in the United States, up from 724,872 in 2019. [1] Property losses due to motor vehicle theft in 2020 were estimated at $7.4 billion ...