X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

It’s been said that California mirrors the rest of the country when it comes to insurance fraud because most fraud schemes seem to take root there first before spreading out to the rest of the country. For instance, in 2005, the state had six of its major metropolitan areas rank in the top 10 areas nationwide with the highest vehicle theft rate (Modesto, Stockton, Visalia/Porterville, Sacramento, San Diego, and Fresno).

Bodily-injury claims for excessive medical treatment in minor auto accidents also is a problem. This was documented by a study completed by the Insurance Services Office last year. It concluded that an estimated $319 and $432 million in bodily-injury liability payments each year in California were attributable to claim fraud and buildup, respectively, in 2002. That means almost one in three auto claims in the state contains some sort of fraud.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.