ON GUARD û Fraud Spotter #30 - Insurance Fraud - Pt. 1
By Laura Quarantiello
® 2004 Tiare Publications Group
723words
Credit Pacific Service Union Take a close look at the next bill you receive from your
insurance
company. How much is protection of self, home, and property
costing
you? Perhaps more than you planned and maybe more than you need
or
can afford. Experts say that the steadily escalating numbers on
your
premiums are primarily caused by widespread and growing
insurance
fraud, which costs the industry tens of billions of dollars
each
year.
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Credit First Service Union Fighting fraud within the system is extremely difficult,
simply
because it so often goes undetected or unreported. Hard fraud,
which
are attempts to secure payments through staged or
non-existent
accidents, injuries, theft and arson, are being committed by
unscrupulous professionals within the ranks of physicians and
attorneys. These people are experts at manipulating paperwork,
which
ends up bamboozling insurance companies into paying out for
false
claims.
info@universalgear.com 1.800.204.1844 ( 30 pm EST Monday through Friday) 1.202.319.1158 Universal Gear Customer Service 1612 U Street, NW Suite 404 Washington, D.C. 20009 2. Shipping Information Due to the high rate of Internet credit card fraud, time customers to ship their initial order to the billing address of the credit card being used. After a successful delivery, subsequent orders may be shipped to an address that differs from the credit card's billing address.
Card Credit Mobile Service Fraud against the industry is nearly equaled by fraud committed
by
the insurance providers themselves. Huckstering agents often
defraud
their clients, convincing them to buy policies they don't
need,
delaying payments or refusing to pay claims. The very
word "insurance" implies a permanent and lasting trust. When we
sign
up for health, life or automobile insurance we are placing our
trust
in the company we have retained, counting on them being there
when
we need them. If and when that hour comes we may be devastated
to
learn that our insurance agent is nothing more than a shyster
and
the company he works for won't back us up or help us out.
We will not store your credit card information in our database unless you instruct us to or join as a member. Credit card numbers are used for processing payments only and for no other purposes. time payment processing, our online transaction partner uses fraud management techniques. This service gives you and One True Media an extra level of security to guard against credit card fraud.
Card Credit Discover Service The Coalition Against Insurance Fraud is lobbying for
legislative
and industry reform to help curb the problem, but education
and
awareness are the only real ways to combat this type of fraud.
Equifax, Experian, and TransUnion. After a fraud alert has been placed in your associates% credit file, any creditor using that credit file}to grant}new credit or an extension of credit in their name must contact them by telephone (using the phone number specified in the fraud alert) or take reasonable steps to verify their identity and confirm that the credit application is not the result of identity theft.} If someone else is trying to use your associates% identity to get credit, the fraud alert usually stops them cold.
- approved credit card offers.
Credit Public Service Union Phony Accident Rings
Credits will be given only when request for cancellation of service is received by Charter within 45 days of installation of service (30 days subscribing to the service, credit). Only 30 days of service will be refunded or credited. case basis whether the applicable service must be discontinued after customer receives a refund or credit.
Card Credit Processing Service Staged auto accidents, also known as swoop-and-squats or
zoom-and-
squats, are becoming more commonplace. Though the methods vary,
the
outcome is the same. A battered vehicle swerves in and out of
a
large truck's lane, barely avoiding a collision. Eventually
the
truck strikes the car. But this isn't some reckless or
intoxicated
driver. This is a staged auto accident, designed to obtain
insurance
money. It's a carefully planned, down and dirty form of
insurance
fraud.
Center Credit Service Union Investigators report that there are often three tiers to
such
organized crime rings. The top tier is composed of
unscrupulous
professionals such as physicians or attorneys, who are more
than
willing to diagnose injuries, even if they don't exist, or
file
fraudulent claims.
Card Credit Service Wireless The second level is made up of "cappers" - just like the shills
of
street con fame - who do the grunt work of finding expendable
cars
and doling out the resulting claims to the top tier pros. The
last
tier includes the people hired to drive the cars and put their
lives
on the line in exchange for money. The con itself is simple,
if
potentially deadly.
Credit Security Service Union The entire cover story is concocted and arranged before anyone
takes
to the streets. Bottom tier participants then drive out in search
of
a suitable, well-insured target. Once a good target has been
singled
out, the squat car goes to work, pulling in front of the target
for
a little game of cat and mouse. The goal is to get the target
vehicle to impact the squat car. And it does, often
spectacularly.
Once the collision has taken place, victims howl about injuries
and
are treated for the most dubious kind: whiplash, sprains and
other
problems that defy easy diagnostic confirmation. Insurance
claims
are then filed, with the largest amount of cash ending up in
the
pockets of the lawyers and doctors. The dishonest souls
actually
involved in the staged accident end up with a few thousand
dollars
and those who set the whole thing up also walk away with a
substantial share of the cash. There are always people willing to
do
a little dangerous driving in exchange for money. To
insurance
companies it means billion dollar losses each year.
Credit Report Service Cousins of these accident rings are "floppers" and
"divers;"
scammers who pretend to be hit by automobiles in order to
collect
insurance. These scams work best when the vehicle is turning
a
corner or moving away from a stop sign. The con artist simply
steps
off the curb and bounces off the fender or door. Part actor and
part
stuntman, the con artist always gives a great performance and
the
insurance company usually pays off.
Blogspot Com Christian (End)
Christian Counseling Credit Laura Quarantiello hates criminals and the crimes they commit.
Her
book "On Guard" can help you minimize the risk you family faces
from
criminal elements. Get more information at:
www.tiare.com/onguard.htm
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