What happened: Eight individuals and two law firms in New Orleans have been indicted in a scheme involving staged car accidents and fraudulent insurance claims.
Remind me: Insurance fraud schemes like staged accidents are becoming increasingly common.
Tell me more: The indictment details a scheme where some participants deliberately caused accidents before fleeing the scene, enabling false insurance claims and lawsuits.
TLR Thoughts: The alarming rise of staged accident fraud in states like New York and Louisiana shows how easily fraudsters exploit the system for financial gain. But not only do they make money, they cost you money! Scams like staged accidents result in higher insurance premiums for all drivers. Let’s hope this kind of cheating stays somewhere else!
Read the full article here.
