Insurance Fraud - Having a serious impact on us all
Swoop & Squat. Backing. Phantom Vehicle. Paper Collision. Arson For Profit.
These are all terms that the average consumer may not be familiar with, but all are terms for insurance fraud, and they ultimately have an effect on your insurance premium.
According to the National Insurance Crime Bureau (NICB)
- Insurance criminals are stealing more than $30 billion a year from organizations and the American public.
- Insurance fraud is the second-most costly white-collar crime in America, behind only tax evasion and it's the honest consumer who pays for it.
- The average American household pays $200 to $300 in increased insurance premiums each year, just to cover the cost of insurance fraud.
Learn more about fraud
- Staged auto accidents and arson.
- Where does Philadelphia rank?
- Common frauds.
- Fighting insurance fraud.
How can you help?
- Don't ignore it.
- Increased public awareness.
- Online resources.
- Consider AAA for your insurance solution.
Special Investigation Units (SIU)
- Insurance fraud costs billions.
- Half comes from auto insurance fraud.
- Avoid the payment of fraudulent claims.
- Training to spot fraud early on.
Reporting Insurance Fraud
- Mail.
- Phone.
- Online.
- All contact options.
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