Posts Tagged ‘insurance fraud’
Title Insurance Fraud A Growing issue
Spring is in full bloom in Greater Cleveland and I’m receiving mailers and flyers everyday either in my mailbox or on my front door touting every service from sidewalk leveling, tree removal, new siding, new garages to total home renovations. The one constant in every advertisement is that the contractor states they are” fully…
Read More308.6 Billion A Year-The Cost of Insurance Fraud
The annual cost of insurance fraud to businesses and consumers is $3,860,000,000.00 in America according to The Coalition Against Insurance Fraud. The Coalition broke down the most common types of insurance fraud as follows; Life insurance: $74.7 billion Property & casualty insurance: $45 billion; auto theft fraud totaled $7.4 billion Health insurance: $36.3 billion Workers’…
Read MoreWhere is Your Check & Balance?
Jim’s shop is a thriving retail business that almost wasn’t thriving any longer. Jim received a call from his bank that his business checking account was overdrawn and they were transferring money from his savings account to cover a $4,300.00 overdraft. Jim never overdraws his account! He may not check balances regularly but he always…
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