“Owner give-ups” is a phrase claim adjusters and investigators have been familiar with for years, but a deteriorating economy and desperate circumstances have meant that more and more policyholders are attempting to execute the scheme with greater frequency.

Take the recent California case involving the arrest of three San Jose men: Trung Minh Le, 31; Ralph Abel Alvarez, 32; and Michael Joseph Derrick, 36. The men were arrested for presenting a false or fraudulent insurance claim after an investigation by the Silicon Valley Urban Auto Fraud Task Force, which is comprised of the California Department of Insurance’s Enforcement Branch (CDI), the Santa Clara County District Attorney’s Office, and the California Highway Patrol.

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?


© 2024 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.


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 © 2024 ALM Global, LLC. All Rights Reserved.