Somerville, MA-Insurance fraud is a problem in Massachusetts, one that state agencies are tackling with vigor. Over the past several years, insurance investigators have pursued over a thousand insurance scams and continue to pursue insurance fraud aggressively.
Insurance Fraud Bureau of Massachusetts Targets Insurance Scams
Insurance fraud can manifest in many ways, but auto insurance scams are the most common. The Worcester Telegram reports that 70 percent of the 1,556 cases the IFB investigated in 2016 were auto insurance claims. In 2012, fraud and inflated auto accident claims cost the U.S. consumer between $5.6 billion and $7 billion, and that’s just the costs associated with auto insurance fraud.
Common types of insurance scams include:
Misrepresenting injuries or property damages
Giving misleading or false information
In Massachusetts, if you want to drive, you need to have insurance coverage. That is why so many incidents of insurance fraud involve traffic accident claims. Scammers fake collisions or injuries and inflate claim amounts because car accident claims are generally, insurers rush cases through their system.
The Massachusetts IFB needs to be aggressive because scammers figure out new and innovative ways to defraud insurers. Auto insurance scams or any insurance scam affects every state resident. Scams lead to more accident payouts and inflated premiums for the consumer. Insurance fraud needs to be reported to state agencies immediately so that perpetrators can be stopped.
Auto insurance scams or any insurance scam affects every state resident. Scams lead to more accident payouts and inflated premiums for the consumer. Insurance fraud needs to be reported to state agencies immediately so that perpetrators can be stopped.
To help curb insurance fraud, the agency started the Community Insurance Fraud Initiative, which offers financial rewards for individuals who expose insurance scams, according to the Worcester Telegram.
An Insurance Attorney in Florida Will Help with Your Case
While most insurance scams are aimed at defrauding an insurance company, there are enough incidents of insurers selling bogus policies or not honoring the terms of your policy. If you are having any difficulties getting a settlement you consider fair, you need to consult with an insurance claims lawyer in Somerville, Massachusetts. Our team of attorneys can negotiate for better a better settlement and get an insurance company to meet their obligations.
USAttorneys.com has online help 24 hours a day. After you submit a contact form, we will have a local attorney contact you to set up a case consultation. Our team of insurance claims lawyers will overcome the hurdles insurers put in your way. Insurers are in the profit business, and that means they want to avoid as much financial liability as possible.
What if you purchased coverage for your truck and after engaging in an accident you learn that not only do you not have coverage, but also no way to pay for the costs that accrued for your damages as well as the other drivers.