One of many biggest challenges insurance coverage corporations face is the ferreting out of insurance coverage fraud. Wherever there’s a probability that somebody can receives a commission for submitting a fraudulent declare, there are additionally silly people who find themselves prepared to provide it a attempt.Listed here are some current examples. The names have been omitted to guard the silly:1. Cops ought to know higher.COLUMBIA, KY: A cop and his spouse have been arrested and charged with arson and perjury within the case of insurance coverage fraud on a home they owned. “Mr.Law Enforcement” is a Kentucky State Trooper…or ought to I say…WAS a Trooper. They’ve been indicted and will likely be tried for the hearth that occurred in October 2009.2. Sharing the wealth does not pay.Investigators on the Georgia Division of Insurance coverage have arrested the person they allege was the “ringleader” in a fraudulent auto accident scheme that collected over $95,000 from numerous insurers.A Savannah man was charged with three counts of insurance coverage fraud. Every depend may get him ten years in jail.Our intrepid felon filed 16 claims involving autos he both owned or beforehand owned, or claims involving individuals who had been associates.three. For those who can skydive, possibly you are OK.HUDSON FALLS, NY: A New York press operator, claimed a again damage which allowed him to gather insurance coverage advantages for about 18 months till he was found skydiving. He additionally did scorching air ballooning, mountain climbing, firefighting and heavy development. His downfall was when he posted his actions on Fb.Insurance coverage fraud is severe enterprise, since claims paid on fraudulent claims price ALL of us greater premiums. It is no completely different than shoplifting at a retailer. Shops merely add the price of their “shrinkage” to the price of the products you and I pay for.Report any suspected insurance coverage fraud to the police. And know that more often than not, criminals get caught.