Fraud Info
What is insurance Fraud?
Insurance fraud occurs when a person provides false or misleading information to an insurance company, or fails to provide relevant information, concerning a policy or a claim. Also, that the person can receive money that they are not entitled to under a policy.
What are examples of insurance fraud?
- Intentionally set fires for insurance proceeds
- Staged vehicle accidents or injury claims
- Faked or inflated workers compensation claims
- Faked or inflated theft claims
- Faked or inflated medical bills
- Faked or inflated repair bills
- Misrepresentations on an application for insurance
- Backdating insurance coverage to cover a claim
What are the costs of insurance fraud?
The National Insurance Crime Bureau estimates billions of dollars are paid each year
by the insurance industry for fraudulent claims. This directly affects the premiums you
are asked to pay for insurance.
Is insurance fraud a crime?
Yes! Insurance fraud is theft by swindle. Many states require insurers to report all instances of fraud to law enforcement authorities.
What is Western National's position on insurance fraud?
At Western National, insurance fraud is not tolerated. If you know of any instances of insurance fraud, please call Western National to report the situation.
Fraud Tip Line: (952) 921-3185
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