$1 million of potential losses uncovered statewide in most common type of auto insurance fraud

SACRAMENTO, Calif. -Detectives from the Department of Insurance, assisted by local district attorneys and local law enforcement spent the last week serving arrest warrants in 22 counties where district attorneys have filed more than 200 felony counts and multiple misdemeanor charges against 195 people for alleged auto insurance fraud committed against 40 insurance companies.

“Unfortunately, this type of insurance crime is surprisingly common,” said Insurance Commissioner Dave Jones. “Insurance fraud is an expensive drain on the state’s economy that totals into the billions of dollars annually in California. This is not a victimless crime. The cost of these scams is passed along to consumers through higher rates and premiums-everyone pays for insurance fraud.”

 

To read this article in its entirety visit Insurance.ca.gov

 

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