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How Is Car Insurance Fraud Committed?
Car Insurance Fraud occurs when insured and uninsured drivers try to stage an accident, so that they can collect money from the victim's insurance company. Insurance fraud has been around for hundreds of years, even back in Greece (when insurance first began) when ship owners would purposely hit another ship or sink their own ship to collect money from their insurance policy. Today, there are many forms of car insurance fraud, such as the swoop and squat and the intentional brake-slam.
Insurance Fraud - Fake Insurance Claims
Insurance industries report a possible 3% to 10% of all insurance claims are frauds.
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