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As auto thefts rise across the country, lawmakers are considering measures to stem the tides.
Workers' compensation and auto theft are the most common fraudulent P&C claims, says CAIF.
Unscrupulous towing operators have charged as much as $10,000 for a routine tow, the NICB reports.
A recent panel of scam-fighting experts detailed the role agents and brokers play in stopping insurance fraud.
The latest insurance industry personnel news from Acrisure Re, CRC Group, Clyde & Co and more.
Fraud adds 5%-10% to the overall amount in claims paid after a disaster, according to the National Insurance Crime Bureau.
Illinois, New York and Ohio saw double-digit increases in the rate of stolen vehicles during the first half of 2023, according to the NICB.
State Farm alleges the fraud scheme operated for more than a decade.
Recently, Bankrate crunched the numbers to find out how the U.S. states rank when it comes to their friendliness to retirees.
An insurer's special investigations unit seeks the truth by surveying each claim individually and independently.
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