Washington State Insurance Commissioner Mike Kreidler wants to create a new fraud unit to investigate staged traffic accidents.
These can involve a network of lawyers, doctors, chiropractors and physical therapists.
Kreidler says he’ll request about $2 million in funding from the Legislature to create a five-person insurance fraud unit in his department. He says 41 other states have such fraud units.
National Insurance Crime Bureau estimates that Washington insurers paid more than $404 million in bogus claims in 2004. That figure is based on what the industry believes is a standard ten percent fraud rate in claims.
Topics Fraud Washington
Was this article valuable?
Here are more articles you may enjoy.
Florida Judge Cans Investment Funds’ Lawsuit vs. Lighthouse Insurance Exec 
Seven Charged in $100 Million Workers’ Comp Fraud in Florida 
Federal Judge Cautions State Farm Against Gambling With Courts 
PG&E to Defer $2 Billion of Work After California Shelved Fire Bill 
