Dennis Jay | Insurance Fraud News Insurance fraud is an $80 billion a year industrial enterprise, churning out stolen insurance cash with the collective financial force of an overheated solar flare. Say hello to the newest avatars of avarice, the freshly chosen members of the Insurance Fraud Hall of Shame … the No-Class of 2019.… Continue reading Welcome to the Hall of Shame(rs)
Tag: Insurance Fraud
Avoid Five Common Fraudulent Schemes Used in Construction
Ken Van Bree | Construction Executive | October 13, 2019 Here’s an attention-getting statistic: A typical case of fraud in the construction industry has a median loss of $227,000, according to the 2018 Report to the Nations issued by the Association of Certified Fraud Examiners (ACFE) on occupational or internal fraud. This report further showed that… Continue reading Avoid Five Common Fraudulent Schemes Used in Construction
How Contractors Can Prevent Fraud in Their Workforce
Sarah Hofmann | Construction Executive | June 14, 2019 The word fraud might conjure up images of Wall Street executives led out to police cars in cuffs, or sleazy conmen with slicked-back hair. While these ideas might be popular in movies and TV, and often in the news, many small and large businesses fall victim… Continue reading How Contractors Can Prevent Fraud in Their Workforce
Are You Being Scammed? — Assignment of Benefits in Property Losses
John Hopkins | Searcy Denney Scarola Barnhart & Shipley | October 12, 201 According to the Coalition Against Insurance Fraud, about $80 billion is stolen every year by unscrupulous companies supposedly acting in the best interests of U.S consumers during critical moments. Hurricane Michael passing across the Florida Panhandle is one of those critical moments.… Continue reading Are You Being Scammed? — Assignment of Benefits in Property Losses
Insurance Fraud – It’s a Widespread Industry Problem
Emily Marlowe | Property Insurance Coverage Law Blog | February 20, 2018 Fraud is generally defined as an act done with the intent to deceive or misrepresent others in order to attain or secure some unlawful gain or deprive a victim of a legal right. Different courts, states, and bodies of law throughout our country… Continue reading Insurance Fraud – It’s a Widespread Industry Problem