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