Here is a story that illustrates the issue.Up to 30 ring members were involved in an Indiana scheme in which nearly 50 homes were bought, filled with inexpensive furniture and set on fire. The members of the ring inflated to claims adjusters exactly what and how much property was inside the homes.
The average home price was $80,000 - $90,000 and insurance companies paid claims up to $160,000 in some cases. Cleverly, they insured the same home with several insurance companies too.
Finally, Nationwide Insurance noticed 26 claims where the identical people were involved, and after a two year investigation the ring was broken. Many have been charged and face trial dates.
phoenix life insurance
arizona auto insurance quote
