Auto Insurance

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Three charged with insurance fraud.

Two Sacramentans and a Galt man have been charged with insurance fraud after they and other members of their ring staged vandalism on two luxury vehicles and then filed multiple damage claims, state regulators said Thursday. Brian Keith Talley, 35, and Lillybeth Tirado, 29, were each charged with two felony counts of conspiring to commit insurance fraud. The couple is accused of filing multiple damage claims for the same loss. Michael George Fischer, 44, of Galt,... Source : accessmylibrary.com

Rising Fraud Worrying Car Insurers . . .

Auto-insurance fraud is big business. The insurance industry estimates that at least 10 percent of the claims each year are fraudulent. "Sixty billion dollars last year went for auto insurance claims," said Sean Mooney, chief economist of the Insurance Information Institute, which is supported by the property-casualty insurance industry. "So the total savings would be about $6 billion." The losses from fraud, of course, can only be estimated because, as insurers point out, if they could identify all fraudulent claims, they simply would not pay them. But consumer advocates say the insurers bring some fraud on themselves. As Ralph Nader

Blatant Fraud Pushing Up The Cost of Car Insurance

Some mornings, people in Lawrence, Mass., have awakened to see the top of a car jutting above the surface of the Merrimack River. On inspection, police divers have found that so many people dumped their cars into the river, to file false stolen-car claims, that the last car in the night before had fallen onto a stack of others and would not sink. Lawrence is just one example of how auto insurance fraud has become increasingly widespread and blatant in many areas of the United States: Regulators and researchers say that fraud is now far more common and costly to

New Jersey Auto Insurance to Help Consumers

Your editorial about my plan for auto insurance reform in New Jersey (''No-Fault Faults for New Jersey'' Jan. 25) correctly points out that car insurance rates will go down by more than 20 percent, but it incorrectly suggests that the plan ignores the problems of phony insurance claims and repair fraud. To the contrary, I have proposed a serious crackdown on fraud and theft. Borrowing from an effective system in New York, New Jersey would institute a mandatory photo inspection law. Insured cars would be photographed to make sure they exist and are not previously damaged. We expect it will

Allstate Blames High Fraud For 10.5% Auto Rate Rise

Allstate, the largest auto insurer in New York, said yesterday that it was raising its rates an average of 10.5 percent in the state, underscoring New York's growing problem with fraudulent auto insurance claims. The increases, which will average 11.8 percent in the five boroughs of New York City and in Westchester, Rockland, Nassau and Suffolk Counties, suggest that auto insurance prices and fraud will be a hot issue for the State Legislature, which convened yesterday. Elsewhere in New York State, Allstate customers will pay 7.3 percent more for auto insurance. The increases, which have been approved by state regulators,