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The FC&S coverage experts review some recent instances of insurance fraud.
The California family filed over 40 bogus auto claims and collected nearly $200k in payouts.
The South Florida contractor avoided more than $100,000 in premiums on two separate policies.
The business shortchanged its workers' comp carrier more than $127,000 in premiums by underreporting payroll.
Home surveillance cameras caught a terrible (and terribly planned) T-bone accident in a residential neighborhood.
Fraud adds 5%-10% to the overall amount in claims paid after a disaster, according to the National Insurance Crime Bureau.
The agent impersonated a college employee and fraudulently set up an insurance financing agreement.
In many ways, water is the new fire when it comes to insurance fraud.
At least five Florida roofing company employees have recently been arrested for defrauding insurance companies.
Around 15% of all auto premiums paid are used directly to cover undetected fraudulent claims, J.S. Held reports.
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