DENN TACKLES AUTO FRAUD:

April 18, 2005

Delaware Insurance Commissioner Matt Denn has initiated several policy changes in the way auto insurance fraud cases are handled.

Delaware Insurance Commissioner Matt Denn has initiated several policy changes in the way auto insurance fraud cases are handled.

He said that hearings for auto insurance fraud will now take place in public. Fines for persons found to have committed auto insurance fraud after a hearing will be increased to double the amount that the perpetrator attempted to defraud from the insurance carrier, in addition to the perpetrator being required to reimburse the insurance carrier for any money that was improperly received. Guilty parties will be referred for criminal prosecution to the Delaware Department of Justice. Also, every three months, the commissioner’s office will conduct a sweep of all outstanding auto insurance fraud cases and ensure that those cases are given priority status.

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Insurance Journal West April 18, 2005
April 18, 2005
Insurance Journal West Magazine

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