Insurance swindles could raise the costs of rebuilding the areasdamaged by Hurricanes Katrina and Rita, the Coalition AgainstInsurance Fraud warns. Although most victims submitting claims forhurricane damage will be honest, the vast destruction will invitefraudulent claims, possibly adding millions of dollars to the costsof rebuilding the Gulf Coast region. Dishonest claimants maybelieve that insurers will be too busy to investigate suspiciousclaims closely enough amid the chaos, CAIF pointed out.
Insurers will have a harder time verifying claims for peoplewhose homes and possessions were completely swept away. Shadycontractors and public insurance adjusters also may try to fleecedesperate hurricane victims and insurers, according to thecoalition.
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