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