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The National Insurance Crime Bureau (NICB) is a U.S. insurance industry trade association focused on preventing, detecting and defeating insurance fraud and vehicle theft through information analysis, investigations, training, legislative advocacy and public awareness. [2] NICB's headquarters are in Des Plaines, Illinois.
This lets fraudsters profit by destroying their property, because they receive an insurance payout greater that the value of the property. The most common forms of insurance fraud are re-framing a non-insured damage to make it an event covered by insurance, and inflating the value of the loss. [6]
The Coalition Against Insurance Fraud is a coalition of insurance organizations, consumers, government agencies [ 1] and legislative bodies in the United States working to enact anti- fraud legislation, educate the public, and provide anti-fraud advice. [ 2] They are also a resource where consumers can find scam warnings, learn where to report ...
We are always on the lookout for tips about scams impacting Shelby County residents. This month’s scam was shared with us by one of our friends at Live at 9 during my monthly appearance.
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The Magnuson–Moss Warranty Act (P.L. 93-637) is a United States federal law ( 15 U.S.C. § 2301 et seq. ). Enacted in 1975, the federal statute governs warranties on consumer products. The law does not require any product to have a warranty (it may be sold "as is"), but if it does have a warranty, the warranty must comply with this law.
The Oregon attorney general is suing bankrupt Missouri-based auto warranty company U.S. Fidelis, already in hot water in nine other states who say its sales tactics were deceptive and aggressive.
Two brothers who ran the top auto warranty company in the country were told to fork over a mansion, a 50-foot yacht and 14 motorcycles as partial compensation for scamming more than 400,000 ...