Insurance frauds are a financial crime. The US insurance industry consists of more than 7,000 companies, collect over $2 trillion in premiums each year. The size of the industry contributes significantly to the cost of insurance fraud by providing opportunities and incentives for committing illegal activities. The total cost of non-health insurance fraud is estimated […]
Tag: theft
25. Motor Insurance – 24 Articles Later and in Conclusion
As I write this piece, Motor Insurance claimfiles sprint across my mind. The angry exchanges customers had with the motor insurance officials in an insurance office come in like the waves of the sea in my mind. Millions of unsettled motor insurance claims, lakhs of customers who have gone to the court crying foul and […]
9. Loss or Damage to the Vehicle Insured
Motor insurance policy is compulsory. We have to subscribe. There is no option given by the law. We pay thousands of rupees towards premium. We know, very generally, two phrases: Comprehensive and Third-Party insurance. If I were to ask anyone – What is comprehensive insurance, they will simply say it covers everything!! It includes all. […]
