Posted on 08/17/2019 2:42:13 PM PDT by Galatians328
Who do you think provides all of those fancy, latest model laser and radar detectors to local and state law enforcement and highway patrol? You got it = automobile insurance companies, that’s who.
The cops use the equipment to catch you and the insurance companies turn around and make gazillions of dollars charging you higher insurance premiums/rates for the next 5 years because of your “speeding tickets” and moving violations... ain’t that grand?
What a racket.
I'm in love with Johnny Dollar, but only the Bob.... actor.
An excellent and chilling article. Hopefully others will take the time to actually read it.
Quackerpractors.
We used to love getting quackerpractors on the witness stand. The reason was simple: So many of them tried to come off as medical physicians, and they’d usually trot out some ridiculous terms for injuries.
The easiest way to put them in their place was to ask them what medical school they graduated from, and where they did their medical residency. Of course, they could not answer those questions in any affirmative manner. They are NOT medical doctors, and in my opinion are not even up to the standards of physical therapists.
That is a very naive comment when a study revealed that 75% of those criminally accused of insurance fraud were actually innocent.
“Especially as concerning Workmen’s Comp. insurance and disability claims”
I did insurance investigation work. A state police officer claimed she injured her back during an arrest. It was fun watching her ride in a rodeo. For her, not so much.
Have you ever tried to negotiate a settlement with an insurance company? They can start from the position that a claim is based on fraud.
BTW, I cancelled all health insurance on 1/1/2014 - the day Obamacare became the law. We’re both 65 now. The amount we’ve saved on insurance premiums is in the tens of thousands. And we’ve had two miraculous healings, one of which was after that date.
Subrogation. Yep. That’s the word. It’s just that they are so agressive that it’s why I compare them to ambulance chasers.
I am sure you did save beaucoup $. I presume you are now on Medicare. Did you sign on for supplemental insurance? Thank God for your blessings/miracles, and those bad things that did not happen.
Of course insurance companies can try to prove fraud, or to get one to speak against his interests for them to claim contributory negligence or shift liability. That is the starting point. Once one learns their playbook, pushing back on them ... they no like. It’s easier to push back when you “don’t need the $”, i.e. cover the loss while negotiating. But many legitimate cases are settled by people who “need the money” and take reduced settlement. Insurance companies are filled with people too willing to take advantage of legitimate claimants (even their own insureds) and short change them. Then the company go to their state insurance commission seeking rate increases because “they aren’t making enough money” to cover their losses when they made plenty of $$$ shortchanging people.
It is important for the insurance company to root out fraudulent claims, as the old saying goes, where there is money there are crooks.
The question is whether using publicly trained, employed, taxpayer supported government institutions to do the insurance company’s work. Even hiring some of the personnel after working hours raises questions, including a potential conflict should there be a lawsuit or criminal prosecution of the individual.
This reminds me of these security companies that went out and sold home protection alarm systems, with remote electronics/communications. If an incident occurred, system contact the police. Some communities found out that significant numbers of police calls were due to these companies calling in incidents, and most of them were false alarms. In other words, the police were an extension of the security companies, at no cost to the latter. Some communities have started to charge a registration fee for homeowners with security system, and if one does not pay it, the homeowner will be charged for the event, like 4 ties the cost of registration.
Insurance fraud is a crime.
My brother was an insurance adjuster during Carter's gas crisis. He said it was AMAZING (cough) that so many gas-guzzlers suddenly caught fire.
People would throw a bucket of gas or kerosene in the back seat and light up - then claim "engine fire" when that part didn't have a mark. My brother bitched about the fraud to the higher ups, who just shrugged - and raised insurance rates.
I worked as an independent agent for many insurance companies over the years. I saw LOTS of customers try to defraud insurance companies by lying on applications in order to get benefits to which they were not entitled or weren’t willing to pay for.
Lies about driving records, pre-existing conditions like cancer for both life and health insurance. They never seemed to realize their were records available that would be checked.
Unfortunately, I had to deliver the news that the lies they told me and to which they had attested on the application had been found out and the insurance was either not available to them or available at an increased rate. All too often their response was rage at me and/or the insurance company, probably spurred by their embarrassment.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.