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Five individuals have been arrested in New York and charged with participating in an auto insurance scheme in which they allegedly purchased or increased automobile insurance policy coverage after their vehicles already had been damaged and then misrepresented the dates of loss in claims submitted to their insurance carriers.
|Filed false claims
According to prosecutors, each of the defendants owned a car that was damaged. After their car was damaged, each defendant allegedly either purchased car insurance, increased the amount of his or her insurance coverage, or reduced the deductible, and then filed false claims with their insurance company stating that the incidents had occurred after the enhanced policies were in effect.
Related: Fighting auto insurance fraud
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Steven A. Meyerowitz
Steven A. Meyerowitz, a Harvard Law School graduate, is the founder and president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. He may be contacted at [email protected].
