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Expect coronavirus-related insurance frauds to rise
By Matthew J. Smith, Esq.Previous economic downturns have resulted in a marked increase in scams, and insurers should beware.
Claims covers many aspects of fraudulent claims - how they are perpetrated, red flags to look for in a claim, provides examples of fraudulent claims and the consequences for the perpetrators, and highlights the most egregious fraudsters in our annual Hall of Shame feature.
Previous economic downturns have resulted in a marked increase in scams, and insurers should beware.