Al's Wise Words

Insurance fraud costs all of us

Posted in Uncategorized by albourdeau on October 12, 2010

Questionable insurance claims rose over 52 percent in the first half of 2010, according to a group dedicated to raising awareness about the cost of insurance fraud.

To increase awareness about this crime, Gov. Jennifer Granholm has declared this week, Oct. 10-16, as Insurance Fraud Awareness Week in Michigan.

“Many people wrongly believe that insurance fraud is a victimless crime,” said Lori Conarton, Communications Director, Insurance Institute of Michigan. “However, they are wrong. We all pay for this crime through our insurance premiums.”

A study by the National Insurance Crime Bureau found that questionable claims for excessive medical treatment, auto glass claims and staged accidents all rose significantly during the first six months of 2010.

Read more details here! (http://www.ironmountaindailynews.com/page/content.detail/id/519109.html?nav=5004)

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2 Responses

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  1. HDTV Calibration : said, on October 28, 2010 at 3:47 AM

    some insurance agencies are very greedy that is why i always take a second thought when dealing with them.,”

  2. Encryption Softwares said, on November 16, 2010 at 9:36 PM

    there are insurance agencies that are scam too so make sure that you deal with legit insurance agencies :~*


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