'Cash for crash' schemes are becoming more common in the insurance world. These involve exaggerated claims after planned accidents, creating problems for insurers, brokers, and customers. Knowing how these schemes work and communicating clearly with your customers can help reduce their impact.
What are cash for crash schemes?
These schemes involve setting up accidents to make exaggerated insurance claims. Fraudsters might fake accidents or make real ones seem worse to get more money. This can lead to higher insurance costs and trouble for innocent people involved.
Common tricks used in cash for . . .
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