"Data from the National Insurance Crime Bureau (NICB), the country's leading voice on combatting and preventing insurance crimes, indicates that reported instances of fraud are on the rise. The number of reported claims containing indicators of suspected fraudulent activity has increased substantially year over year. In 2024, the NICB catalogued over 180,000 questionable claims, a 13% increase from the more than 159,000 submitted the previous year."
"In one common scheme, they'll intentionally cause an accident and exaggerate (or fake) an injury. They might pull out in front of your car on the highway and slam on their brakes, purposefully attempting to cause an accident. When you inevitably rear-end them, they'll submit a bogus insurance claim and fight for a profitable payout despite not actually being hurt."
"Today's criminals don't stop with orchestrating car accidents, they're more devious than that. They regularly work with complicit medical providers who artificially inflate medical bills in the name of treating injuries and providing care. Unethical attorneys then use these healthcare bills and pursue massive payouts from insurers. Once the case settles, everyone involved in the scheme gets paid while innocent New Yorkers are left footing the bill for criminal activity."
Insurance fraud across New York is evolving faster than before, with criminals using more elaborate and sophisticated schemes. Reported claims with suspected fraud increased notably, with the NICB cataloguing over 180,000 questionable claims in 2024, a 13% rise from the prior year. Fraud spans multiple insurance lines and economic sectors, with common schemes including staged accidents, fabricated injuries, collusion with complicit medical providers who inflate bills, and unethical attorneys pursuing inflated payouts. These coordinated schemes result in payouts for participants while increasing costs for innocent New Yorkers and exacerbating the state's affordability crisis.
Read at www.amny.com
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