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In many ways, water is the new fire when it comes to insurance fraud.
A dozen new fraudsters enter the Coalition Against Insurance Fraud's Hall of Shame in 2023.
Overall, 21% of auto and 30% of home policyholders said they've misled their insurer to save money.
An estimated $1.1 billion worth of damage was done to businesses during the recent unrest in France.
Assurance recently tracked a handful of locational factors that determine the need for thorough insurance coverage.
Sloppy investigations, premature denials and failure to act in a timely manner can result in waiver and hamper the insurer's rights.
From a dentist who killed his wife on safari to a doctor who performed unnecessary back surgeries to a homeowner who set his own homes on fire, these fraudsters are shameless.
Victims of property crimes are less likely to know the offender than victims of violent crimes, ValuePenguin reports.
The case sought to determine whether an insurer is obligated to defend and indemnify an insured who was charged with criminal assault.
Crime in the U.S. costs an estimated $2.6 trillion a year.
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