Search
 

The Coalition: Rebating Deductibles Opens Door To Fraud

The Coalition's Howard Goldblatt tells the Maryland Senate that rebating deductibles leads to fraud and, by extension, inflated claims and higher premiums.

X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
"[When] the repair person inflates the project’s cost to cover the deductible, all Maryland consumers pay because insurers pass along these inflated claims through higher homeowner and auto premiums," says Goldblatt.

Paying insurance deductibles to lure consumers into signing repair contracts for damaged autos or homes opens the door to fraud and forces insurance premiums higher, the Coalition Against Insurance Fraud told the Maryland Senate Finance Committee today.

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?

Recommended Stories

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 © 2020 ALM Media Properties, LLC. All Rights Reserved.