Posted On: June 5, 2008, 1:14 pm CDT

Posted By: Bill

I read the article, and quite frankly, that is what makes Insurance rates so riduculous. The States you mention, both Texas and Florida have Mandatory Reporting in terms of Insurance Fraud. Any fraud case goes down the tubes when local DOI or Prosecutors understand that carriers or Companies voluntarily make payments on suspicious claims just to get them settled. Plaintiff Attorney's target thse Co's and Insurance groups who do this stuff. Just look in the back of your phone book or the Yellow pages, they are all over the place. Your article should have given both sides of the story. There are very profitable Fortune 50 companies out there who fight this stuff and the Plaintiff Bar recognizes very early in the process not to mess with them. It works both ways, but I fail to see how your way helps reduce anything about my Insurance?