By many, insurance fraud is believed to be widespread, but little is known about how to detect it. In recent years, some attempts have been made to find indicators for fraud. They are, however, probably hampered when relying on characteristics of established fraud, since the majority of ...
the dispute can usually be worked out without needing to involve the law. Insurance companies are also aware that because of concerns about fraud, they may sometimes accidentally flag a claim which is not at all fraudulent, and they are usually open to consumer disputes if consumers feel that ...
We are committed to protecting your benefits plan by preventing insurance fraud and insurance scams. Learn more about insurance fraud and how to report it.
The prosecution of insurance fraud does not require actual financial loss by the insurance company—the intent to defraud is sufficient for charges. Depending on the circumstances, charges can range from misdemeanors to felonies, with penalties including heavy fines, restitution, and incarceration in ...
I can see how medical insurance fraud is harmful to every one who is trying to follow the rules. I'm sure fraud investigations do take a lot of time and money, resulting in higher health care costs for the rest of us. But, it is necessary to investigate the fraud also, because fraudu...
When an insurance policy is backdated, it can have significant implications on your finances. Find out what happens when this occurs and how it can potentially impact your financial situation.
Dodge New Year Credit Score Drops Learn from the experts how to protect your credit score while navigating the pressure to spend beyond your means. Jessica WalrackDec. 31, 2024 Signs of Fraud on Your Credit Report Act quickly to prevent scammers from accessing more information and do...
Tony has prosecuted a number of insurance professionals for insurance fraud. This happens more often in rural areas where everyone gets their insurance through one local insurance agent. Not every case is like this, however, and it can happen anywhere. And, of course, most insurance agents are...
What happens with a late car insurance payment? After your grace period ends, your insurance company may cancel your policy. And policy cancellations can cause your coverage to lapse. Policy cancellations After your grace period, your auto insurance company may terminate your policy. Before then...
What happens if you don’t pay debt? Here’s what you can expect: Your debt will go to a collection agency. Debt collectors will contact you. Your credit history and score will be affected. Your debt will probably haunt you for years. You'll pay off the debt or not, but life ...