Car Insurance
Double-Digit Rise in Auto Insurance Fraud

The California Department of Insurance (CDI) has recorded a huge increase in the number of fraudulent auto insurance claims. The most common methods used by scammers to trick car insurers are vehicle arson and auto theft fraud referrals. Commission Steve Poizner says scams are used by financially trouble individuals who want to cash in on insurance money while California experiences tougher economic times. CDI records a 25 percent increase in fraudulent claims.
Poizner warns scammers that they are cracking down hard on anyone who attempts such fraud on California car insurers. Read the rest of this entry »