Crack etiketine sahip kayıtlar gösteriliyor. Tüm kayıtları göster
Crack etiketine sahip kayıtlar gösteriliyor. Tüm kayıtları göster

3 Ekim 2014 Cuma

New Jersey Bill Seeks to Crack Down on Reverse Price Evasion






The New Jersey Assembly passed a measure that would make reverse price evasion an insurance coverage fraud and give for civil and criminal penalties. The bill, A 2281, passed the state’s Assembly on Monday and is pending in the state Senate.


This bill includes “reverse rate evasion” as a form of insurance coverage fraud that violates the “New Jersey Insurance coverage Fraud Prevention Act,” P.L.1983, c.320 (C.17:33A-1 et seq.) and the criminal statutes that define the crime of insurance coverage fraud.


Reverse rate evasion happens when New Jersey residents fraudulently receive automobile insurance coverage in yet another state even even though New Jersey is their principal residence or they principally garage the insured vehicle in New Jersey.


The bill includes reverse rate evasion as a crime of insurance coverage fraud and makes it a crime of the 4th degree. The bill specifies that reverse price evasion constitutes a violation of the New Jersey Insurance Fraud Prevention Act, and that the numerous civil penalties and remedies provided for in that act apply.


The bill’s reverse rate evasion provisions would not apply to a particular person who insures a vehicle in one more state if permitted by and in accordance with the laws of that state, based on a second residence or attendance at an educational institution in that other state, if in getting that insurance policy the person truthfully discloses to the insurer or producer the state of the person’s principal residence and the state exactly where the vehicle is principally garaged.







Insurance coverage news headlines delivered to your e mail.

Get a cost-free subscription to our popular e mail newsletter.






1ae49 p 89EKCgBk8MZdE







New Jersey Bill Seeks to Crack Down on Reverse Price Evasion

17 Eylül 2014 Çarşamba

Police crack whip on crash for money




The police are cracking down on car insurance fraudsters who endanger road users by “crashing for cash”, with a quantity of high profile convictions over the final few weeks.



b528a road traffic accident


Earlier this week, for instance, 2 men were jailed and 2 much more received suspended jail terms at Liverpool Crown Court.


And last month, 3 males from Reading had been put behind bars for targeting innocent motorists in the hope of causing unnecessary collisions as element of a crash for cash scam.


What’s going on?


Insurance fraud shot up by 18% in 2013, pushing the total to a record £1.3 billion, according to the Association of British Insurers (ABI).


Some of this fraud was committed by opportunistic people who just attempt to boost the value of a genuine claim by adding extra items to the list of possessions stolen or damaged in an incident, or who fake or exaggerate an injury, usually whiplash.


Organised insurance coverage fraud has an altogether darker side, even though – a single in which criminal gangs place innocent road users’ lives at threat by staging dangerous accidents to defraud insurers.


Recognized as “crash for cash”, it’s a trend that has grown at a worrying rate more than recent years.


Figures released by insurer Aviva earlier this year show that the quantity of crashes triggered deliberately so that these involved could make insurance claims for whiplash injuries shot up by 51% final year.


With motorists and pedestrians becoming place at risk, and “crash for cash” accidents causing the business far more than £10 million a year, it’s no surprise that both insurers and the government are keen to crack down on the perpetrators.


21d8b Banner 600

How do “crash for crash” scams perform?


There are a quantity of diverse kinds of “crash for cash” fraud.


In 1 of the most common – and most unsafe – versions, fraudsters stage a automobile crash involving innocent drivers, for instance by slamming their brakes on at a road junction, often obtaining disabled the brake lights.


The unsuspecting motorist behind then crashes into the back of them, which means they can make a claim for the damage, as well as whiplash injuries – all on the other person’s insurance.


The Reading fraudsters sentenced last month had been involved in this sort of scam – they drove in a 2-car convoy in which the very first would make an erratic manoeuvre, causing the second auto to brake and an innocent road user to drive into the back of it.


The Merseyside men jailed this week, on the other hand, simply fabricated a vehicle crash made to assist them defraud insurer LV= out of much more than £500,000.


The total integrated claims for whiplash, replacement car hire and 2 written off automobiles – all from an accident that never took location.


What is being done to stop car insurance coverage fraud?


The Ministry of Justice is taking a quantity of actions to clamp down on car insurance coverage fraudsters, such as “crash for cash” gangs.


It is, for instance, introducing panels of independent health-related practitioners to diagnose whiplash victims, as well as banning lawyers and claim firms from offering incentives such as cost-free tablet computers to encourage people to make insurance claims.


From subsequent year, courts will also be in a position to refuse compensation at any level to men and women found to have exaggerated an insurance coverage claim.


The ABI has also launched the Insurance coverage Fraud Register (IFR) to combat the problem of dishonest Britons faking and exaggerating claims for their personal personal achieve.


The first market-wide database of identified insurance fraudsters, the IFR assists insurers to spot dodgy claims more easily.


Ever been the victim of a crash-for-money scam? Let us know in the box below…







Police crack whip on crash for money