In a report out last week, the Insurance Information Institute estimates that about 10% of all property and casualty industry losses are due to fraud. Auto accident fraud could be anything from a person faking an injury after a car accident to organized crime rings that go out and stage auto accidents in a effort to cash in on auto insurance companies.
What’s important about insurance fraud is that it is considered very low risk with high gain. Unlike robbing a bank or selling drugs, insurance fraud is rarely caught or prosecuted. Leading fraud expert Linda Webb, AKA The Fraud Dog, says everyone pays the price for fraud. Fraudsters use staged auto accidents as their meal ticket to make money, while costing American’s higher insurance premiums. It is time we fight back, and say “enough is enough”. If you find yourself involved in an auto accident that appears suspicious, be sure to report it to the police, and make sure to take pictures at the scene with your phone, as the faceless fraudster does not want to be identified. Be sure to get the names of everyone you take a picture of at the accident scene, and send them to your insurance company. Remember the fraudster has many alias names, and it is about time we identified all of the fraudsters once and for all. Take action America, and let’s stop fraud together says Linda Webb, The Fraud Dog.
To report potentially fraudulent activity, contact Linda Webb aka The Fraud Dog, leading fraud expert at 1-855-FRAUD-DOG.