Insurance Fraud

Alleged Multi-Million Insurance Fraud

1/25/2015 » Articles, Insurance Fraud

That insurers paid what a grand jury says were suspicious and fraudulent claims doesn’t surprise private investigator Marc Bourne, of Know It All Intelligence in Bensalem.“When you are dealing with some of the national insurance companies, they are handling thousands of claims on a daily basis. When it comes down to fraud, they’d rather pay out then go through a lawsuit,” he said.While there are national databases in which insurance companies can research prior losses and claims, most insurance adjusters are simply too busy to take the time to dig into each and every claim, Bourne said, adding such databases to detect red flags in claims didn’t exist 20 or 30 years ago. “As long as someone can give you… [read more »]