Insurance fraud accounts for 10% of losses and loss adjustment expenses, representing about $ 30 billion U.S. dollars a year for property and casualty insurance industry, as estimated by the Insurance Information Institute. Insurance fraud is almost always posing as a major concern of our lives.

Fraud classified as a crime in the Criminal Code of the State. A fraudulent act is committed, if the information contained in documents, in case of insurance --distorted in order to obtain a lower rate of contribution and inflate the amount of loss. In fact, any representation provides the insurer accepted on the basis of good faith.

Fraud occurs at various points in the insurance business and offers may be in the service of political holders.Fraud in various forms such as, for example, misrepresentation of facts in the documents of law, expanding effective demand, staging fake accidents to lodge claims for damages or injuries that never happened.Fortunately, almost 40 states of fraud that have offices the power to investigate any suspicion of fraud.

According to an annual report published recently by the state department of insurance, there were 700 arrests in 2007 alone, in the light of investigations by New York Insurance Fraud Bureau, an increase of 17% from the 2006 Annual Office has received about 22,079 reports of suspicious made be the last year and most of them were strangely agents.

Used in the Middle East wasTargeting auto lifting / stealing the New York Metropolitan area and Long Iceland, 26 suspects have been arrested and 92 vehicles were confiscated Review 1 million U.S. dollars amounts in U.S. dollars. A broker fraud for Lloyd's of London, had sold more than 8 million dollars in false insurance policies for bars and restaurants.

Several suspects, including the medical clinic operators have been in New York and Buffalo Niagara region, arrested on charges of staging a series of fake accidents in Western New passenger York.TheDrivers of such vehicles have been forged stated that were injured and receiving treatment at the clinics of luck. Interestingly, in some cases, the persons alleged injuries were miles away from the accident site at the time of the alleged incident.

So far, about 20 million dollars from 147 people were addressed in court ordered restitution. Shortly after Hurricane Katrina in 2005, several cases of insurance fraud was reported on the cases bureaus.In some owners of buildings orEnsure Tenant fraudulent or inflated claims made expensive items like stereos, televisions, have never bought.

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