| Â | | | | - Fire |
| Insurance fraud, also called false insurance claims | | | | Â |
| refers to false claims that have been filed with | | | | Â |
| the intention of defrauding an insurance provider | | | | The rampant nature of insurance frauds in the US |
| or user. Insurance fraud may be committed | | | | has led to the formation of fraud bureaus in 41 |
| against insurance companies or insurance policy | | | | states. Some states even have two bureaus. |
| holders. According to government estimates, | | | | Many of these bureaus have law enforcement |
| fraudulent insurance claims account for 10% or | | | | powers. |
| about $30 billion every year of the expenses | | | | Â |
| incurred by the insurance industry. | | | | Any person or company accused of insurance |
| Â | | | | fraud charges must retain the services of an |
| Common insurance frauds include inflating actual | | | | efficient insurance fraud lawyer. There are two |
| claims, known as padding, submitting claims for | | | | essential components of fraud; the intention to |
| false injuries or fraudulent claims of damage, | | | | deceive and fraudulent measures that induce a |
| submitting tweaked facts and submitting claims | | | | company to pay more. In such cases, timely |
| over staged accidents. Some types of frauds are | | | | action is important as companies or false |
| more rampant in some states. For instance, the | | | | claimants usually cover up their actions if given |
| sale of unauthorized health insurance is a common | | | | enough time. In many cases, by the time the |
| fraudulent practice in Texas. In this case, | | | | case comes to the insurance fraud defense |
| unlicensed companies sell false insurance policies | | | | lawyer, the company or claimant has had enough |
| even though these do not meet the state's | | | | time and opportunity to cook up information that |
| minimum financial requirements. The company | | | | can cloud the issue. |
| continues to collect premiums and doles out | | | | Â |
| insignificant amounts of money from time to time. | | | | Your insurance fraud lawyer must have vast |
| However, when there is an emergency and a | | | | experience practicing in the field of insurance |
| really heavy claim is made, the company simply | | | | frauds. Frauds may take on various forms and it |
| vanishes from the scene. | | | | is vital that you select a defense lawyer who |
| Â | | | | specializes in the area of concern to you. Some |
| Some of the common kinds of insurance frauds in | | | | fraud schemes are so elaborate and complex that |
| existence include: | | | | they easily implicate people who had no active |
| - Medical claim | | | | part in the fraud. To take on a well-funded and |
| - Automobile collision | | | | well-prepared prosecution, you need an aggressive |
| - Worker's compensation | | | | and knowledgeable defense attorney. |
| - Frauds against seniors | | | | |