Did you know that, in 2012 alone, the state of Virginia arrested 383 people for fraudulent insurance claims? People abuse the system, and insurance is no exception. Insurance fraud takes two completely different angles. Fraud is either committed against subjects, denied of benefits and claims they should rightfully receive, or, perhaps more commonly, against insurance providers for fake, or unsubstantiated, claims. What are the most common types of insurance fraud?
Life Insurance Fraud
You will not find faking your own death among popular life insurance tips. In fact, the practice can land you with a record, fines, and a fair share of jail time. Even so, that does not stop people from trying. Whether channeling Shakespeare’s Juliet, inspired by her ruse to get out marrying Paris, or s