Shortly after 9/11, insurance companies began receiving claims.
Adjusters were trying to expedite payments to families that had lost
loved ones. In one case, a claims representative drove to the
deceased's house, hoping to assure the grieving widow that a check
would be forthcoming. Imagine his surprise when the deceased
answered the door.
Following any disaster, opportunists attempt frauds. People who are
alive and insured see an opportunity to report themselves dead. The
World Trade Center, the Tsunami or Katrina. Any excuse works for
them.
Do YOU appreciate having to pay higher premiums to fund these
people?