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From a dentist who killed his wife on safari to a doctor who performed unnecessary back surgeries to a homeowner who set his own homes on fire, these fraudsters are shameless.
The Coalition Against Insurance Fraud reported auto theft costs U.S. businesses and consumers around $7.4 billion each year.
The most targeted cargo was electronics, household goods, such as furniture and appliances, and clearing supplies.
Florida and California saw the most thefts of watercraft in 2021, which had a nationwide recovery rate of 42%.
The NICB and Mercury Insurance offer tips to help spot and stop insurance fraudsters looking to strike following a disaster.
News from PCF Insurance, IMA Group, RiverStone and more.
A wide range of vehicles are commonly targeted, from full-size vans to compact hybrids.
Both physical stores and online retailers can be susceptible to major business losses.
Around 42% of stolen motorcycles are recovered, according to the National Insurance Crime Bureau.
Fraud adds 5%-10% to the total claims paid following a disaster, according to the NICB.