Thank you for sharing!

Your article was successfully shared with the contacts you provided.

It wasn’t a big insurance fraud case by any means. Last year, a Pennsylvania homeowner reported a break-in and the associated property loss totaling $13,500. During an investigation, MetLife Auto & Home discovered alterations on the receipts that were submitted by the woman for the stolen electronics, and the claim was denied. Even worse, a neighbor reported that the homeowner had moved away weeks before the alleged break-in.

The homeowner was arrested, sentenced to two years of probation, and fined $500. This type of opportunistic fraud is not uncommon, but special investigative unit (SIU) investigators fear it’s the tip of the iceberg in America’s faltering economy. SIUs in both personal and commercial lines are bracing for a new wave of fraud. Those who were around during the last major recession in the early 1990s remember the spike in fraudulent claims and the emergence of highly organized fraud rings. Today, falling real estate values and unprecedented financial crises have formed a perfect storm of economic circumstances that tempt ordinary people to commit fraud.

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


  • 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?



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.