Insurance Fraud Hurts Consumers in Washington DC {Insurance}

The office of the coverage Commissioner investigates criminal coverage fraud, receiving about 2,000 referrals every 12 months. at the same time as insurance fraud can also look like a “victimless” crime – insurance agencies convey large reserves of cash in part to assist pay claims – it really harms purchasers. coverage fraud charges the average family $400 to $700 in step with year in multiplied premiums.




The OIC’s criminal Investigations Unit (CIU) is staffed through regulation enforcement and crook analysts who work with kingdom and local prosecutors to convey prices in opposition to the folks that are suspected of committing coverage fraud.

In 2017, our fraud investigators:
Analyzed and prioritized 1,896 fraud referrals.
Opened 102 crook investigations and closed ninety three crook instances.

Submitted 33 complex crook cases to county, nation, and federal prosecutors.
Our paintings led to 33 criminal guilty pleas or convictions from 28 defendants.

here are a few examples of insurance fraud:
shopping for insurance when you want it: Getting a coverage after an coincidence or after a loss has passed off. We see this most often with car collisions.

Falsifying claims on house owner or renter insurance: Claiming gadgets that you didn’t sincerely own or falsifying the circumstances to increase the damage and the claim quantity.

Staging automobile crashes, intentionally causing vehicle crashes (riding sluggish so a person rear-ends you), filing fake medical payments after a collision, claiming a car turned into stolen.
A clinical issuer billing for services or gadget that the client did no longer acquire.

An insurance producer (agent or broker) maintaining onto purchasers’ top class payments or selling faux rules to earn commissions.
clients can help deter insurance fraud in a few critical approaches:

if you see something, say something – if someone tries to rope you into a rip-off or tries to make you or someone you understand the sufferer of a scam, report it to us. 

ensure you are running with a certified insurance producer, and take a look at their complaint history on our website.

examine your regulations, statements and causes of benefits paperwork. The best manner to not be a sufferer is to realize what your coverage covers, how an awful lot you are paying, and the claims your coverage employer is paying in your behalf.

The probabilities of getting away with coverage fraud are slim. coverage organizations have state-of-the-art information structures that right away flag suspect claims.

people who are convicted of insurance fraud and related crimes regularly end up felons, which means you lose some of your rights like vote casting, visiting to certain international locations, and a few public blessings
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