Insurance fraud on the rise

NH Business enterprise: Insurance plan fraud in New Hampshire

Host Fred Kocher is joined by Brendhan Harris to examine why the Granite State is viewing a spike in coverage fraud scenarios

Enterprise. I’M Close friend COWORKER. Auto Insurance plan FRAUD IS THE Number Just one Source OF Insurance policies FRAUD IN NEW HAMPSHIRE. MY GUESS IS Going TO Quick US ON THAT AND OTHER Resources OF Insurance plan FRAUD. BUT AT THE Instant, First, These OF US Within WHO HAVE Problems ABOUT Insurance coverage. WE Noticed A Document Recovery OF OUR Insurance Money IN 2020 TO Obtain THE NEW HAMPSHIRE Coverage Office. AND Permit ME Display YOU THE Figures. 4080 Insurance policy Help REQUESTS, 929 Shopper Grievance INVESTIGATOR. Phones, 4.1 MILLION RECOVERED BY JUST AS Crucial IS THE PROSECUTION OF Coverage FRAUD FUNDED? THAT IS FUNDED FUELED BY MY Visitor. AND THAT IS. 298 REFERRALS AT 22 Full Claims PROSECUTED, 18 Ended up Automobile Insurance policies, TWO WORKER’S COMP, A person HOMEOWNER’S AND 1 Incapacity Insurance policies. THE Complete Restoration IN FRAUDULENT. OH NO, THE Full Promises 283,000. AND WITH MY Intention WITH ME IS I GUESS THE Person THAT THAT DOES THE INVESTIGATIONS ON Coverage FRAUD IN NEW HAMPSHIRE. THE DIRECTOR OF Insurance plan FRAUD AT THE Office OF Insurance policy, BRENDAN HARRIS, WELCOME. Awesome TO HAVE YOU. THANK YOU SO Substantially FOR Owning ME Nowadays. IS Insurance plan FRAUD ON THE Boost IN NEW HAMPSHIRE? Indeed, SIR. I Dislike TO SAY IT IS, BUT IT IS ON THE Increase. WE’RE Viewing ABOUT 300 REFERRALS COMING Throughout MY DESK Just about every Year. AND AS YOU POINTED OUT, WE Had 22 Scenarios PROSECUTED, WHICH WAS A File FOR THIS FRAUD. YOU KNOW WHAT? What’s Pretty much Frequent? I Mean, Auto Insurance plan IS One. BUT YOU ALSO Stated TO ME Right before WE TAPE Fake Documents. Indeed. Car Insurance policies IS Always THE Highest Range OF FRAUDULENT Situations IN ANY Point out IN THE UNITED STATES. BUT WE’RE Looking at A Big Enhance IN Faux Information In which Men and women ARE Developing Fake Information WITH LIKE ADOBE Pro AND THEN Distributing THEM AS A Element OF A Claim. AND Receiving Paid out BY Insurance policies CARRIERS. YEAH. AND AND SOME Examples OF OF Those people, Also. Positive. Previous Putting up IS THE MOST Frequent Insurance FRAUD. SO IN NEW HAMPSHIRE, YOU Really do not HAVE TO HAVE Coverage ON YOUR Automobile. AND SOME OF THESE Men and women THEN WILL GET INTO AN Accident. THEY Put up with A Loss, AND THEN When They’re AT THE Incident SCENE, They are Truly Shopping for AN Insurance coverage Policy. AND THEN They are Filing A Claim ON THEIR Plan Times Immediately after, LIKE Possibly THE Next Working day. AND THEY LIE ABOUT THE TIME OF THE Accident Attempting TO GET THE Insurance Corporation TO Fork out FOR THEIR DAMAGES AND THEIR DAMAGES TO THE OTHER Car. WHEN IT Will come TO Bogus Data, We have Experienced A Ton OF People WHO WILL FILE Wrong Claims FOR LIKE Feeding on Food stuff POISONING AT Places to eat, Items LIKE THAT. AND THEY WILL Generate THEIR Own Bogus Healthcare Data, Lender Information, Emergency Records, Anything THAT YOU Might Require TO SETTLE MY Assert. ALL Appropriate. THEY’LL Produce Individuals ON ADOBE Pro AND THEY’LL Submit THEM TO THE Insurance policies Provider. AND IN Just one Scenario, A Youthful Girl Sitting down IN FEDERAL Prison. NOW, WE Tried TO MAKE $428,000 Working with HER CHILDREN’S NAMED AS Well AS HERSELF. Very well, It’s MY Understanding IN ADDITION TO THE Human being WHO Dedicated THE FRAUD, THE Insurance policies Enterprise CAN BE PROSECUTED FOR FRAUD AS Very well. THEY CAN. WE DO Aim ON Coverage Brokers. IF AN Insurance policies AGENT IS ACCEPTING Cash FROM A Consumer WHO Arrives IN TO Pay FOR AN Insurance Plan OR One thing LIKE THAT AND STEALS THAT Revenue, THEN WE GO Immediately after Those Insurance policies Agents. SO WHEN YOU GIVE Money TO AN Insurance AGENT. BUT A person Point HE CAN DO WITH IT, AND THAT IS TO Buy YOUR Coverage, Acquire YOUR ANNUITY Solution, Invest in Whatever IT IS THAT You’ve Provided HIM THE Money TO TO Invest in IT. IF HE Makes use of IT FOR Individual USE, LIKE IN A person Situation, THE Man TOOK THE Income TO LAS VEGAS AND GAMBLED IT ALL Absent IN Three Days. THEN, YEAH, WE WILL PROSECUTE Those people Insurance plan Agents. WHAT CAN THE Common Individual DO IF THEY Assume FRAUD IS Becoming Dedicated From THEM? AND WE’RE Going TO Put UP A AN E-MAIL IN A Moment, BUT WHAT CAN I DO? THEY Ought to Simply call ME. YOU CAN Contact THE NEW HAMPSHIRE Coverage Section. YOU CAN Talk to TO Talk WITH BRENDAN HARRIS IN THE Insurance policy FRAUD Device. I WILL Consider YOUR Phone Individually AND I WILL MAKE Guaranteed THAT It’s Appeared INTO. YOU KNOW, WHEN YOU SAY THAT Coverage FRAUD IS ON THE Increase IN NEW HAMPSHIRE, WHICH YOU JUST DID, WHAT IN Unique ARE YOU Centered ON? Mainly It’s Heading TO BE Automobile Insurance policies JUST Since Which is THE Highest Quantity. Coverage Guidelines. YEAH. SO WE’RE Operating Tricky TO Consider TO JUST Curb Folks FROM Executing THE Previous Publishing Insurance policies FRAUDS. ANY Case in point FROM YOUR EAR IS Executing THIS. THAT STANDS OUT TO YOU. Something YOU Recall Mainly because IT WAS SO Unusual IN One Individual Situation, THERE WAS A GENTLEMAN WHO Experienced Described HIS Automobile STOLEN. IT WAS Located BURNED ABOUT 24 Hrs Later on. I WAS Questioned TO Look into THAT Situation. AND In the course of MY Job interview WITH HIM, HE BROKE DOWN AND CONFESSED THAT HE HADN’T Essentially BURNED THE Car or truck FOR Insurance Income. HE Experienced Basically KILLED Anyone. OH, BOY. AND Put THE Entire body IN THE Motor vehicle AND THEN BURNED THE Motor vehicle TO Hide THE Criminal offense SCENE. BRENDAN HARRIS, DIRECTOR OF FRAUD FOR THE Insurance Office OF NEW HAMPSHIRE. THANK YOU. THANK YOU Quite Much FOR Owning ME. Nice TO HAVE YOU. AND IF YOU Missed OUT BY THE WAY, Listed here IS A HERE’S THE Get in touch with Information and facts FOR THE NEW HAMPSHIRE CHURCH Division. It is UP ON THE Display screen. Electronic mail AND Telephone Variety. AND IF YOU Missed Part OF THIS, YOU CAN GO TO ANY OF OUR D

NH Small business: Coverage fraud in New Hampshire

Host Fred Kocher is joined by Brendhan Harris to discuss why the Granite Point out is observing a spike in coverage fraud instances

Last calendar year, the New Hampshire Insurance plan Department recovered $4.1 million in insurance policy resources, which is a report for the state. Regardless of the endeavours, point out officers say insurance policy fraud is getting to be much more frequent in New Hampshire.On the hottest installment of NH Small business, host Fred Kocher is joined by Brendhan Harris, Fraud Director at the New Hampshire Insurance coverage Department, to focus on what is fueling the maximize in scenarios, the unique varieties of insurance plan fraud, and what Granite Stater’s can do to stay away from any concerns.

Previous yr, the New Hampshire Insurance policies Office recovered $4.1 million in insurance coverage resources, which is a record for the state. Inspite of the endeavours, point out officers say insurance fraud is starting to be a lot more widespread in New Hampshire.

On the most current installment of NH Organization, host Fred Kocher is joined by Brendhan Harris, Fraud Director at the New Hampshire Coverage Office, to discuss what is fueling the boost in conditions, the different forms of insurance policy fraud, and what Granite Stater’s can do to steer clear of any concerns.

Christopher Lewis

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