The Coalition Against Insurance Fraud said with the economic crisis deepening, criminal insurance activity appears to be increasing and investigators worry that new schemes could flare up before long.
In its Winter Fraud Focus edition, the organization said that auto insurance crime is providing the clearest proof that fraud is rising.
In September the Coalition surveyed a dozen states and other locales around the country, and it said the data revealed that drivers increasingly "are torching vehicles or sinking them in waterways, then lying to their insurers that someone stole them."
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
