Insurance fraud investigators Miami Beach South Beach

Insurance fraud investigators Miami Beach South Beach examine matters pertaining to insurance fraud claims that are suspicious or otherwise in doubt for some reason. Insurance investigators in this field have differing specialties and backgrounds Insurance fraud investigators Miami Beach South Beach.

Some insurance fraud companies have their own in-house investigations teams while other companies subcontract the work to private fraud insurance investigators or private investigations firms in Miami Beach South Beach. Insurance fraud investigators Miami Beach South Beach. Although such investigations are usually conducted to combat fraud, very often insurance investigators will be working simply to establish the circumstances of a particular claim (for example, in a multi-vehicular road accident involving various parties, claims and insurance fraud companies Miami Beach South Beach).

Insurance fraud insurance investigators Miami Beach South Beach

Main article: Insurance fraud Miami Beach South Beach

Methods of defrauding insurance fraud companies are manifold, as are the means of investigating them. Insurance fraud investigators Miami Beach South Beach. As a crime, however, evidence shows that insurance fraud in wealthy nations is increasing, with many governments running public awareness campaigns to deter potential fraudsters and appeal to the public to report any suspicious claims Miami Beach South Beach. Insurance fraud investigators Miami Beach South Beach

One of the most common forms of insurance fraud is the exaggeration of injuries. Because of many injuries Miami Beach South Beach. Can be exceptionally difficult to quantify (for example, psychological injuries or physical injuries such as whiplash Miami Beach South Beach), insurance investigators will often seek to establish that what the claimant claims is true (for example, if a claimant states he or she cannot work) and that there are no obvious discrepancies in the symptoms claimed (very often examined in conjunction with medical staff). Insurance fraud investigators Miami Beach South Beach. Surveillance is often employed in such circumstances to verify the claim.

Another form of lesser known fraud is that of claiming on an insurance fraud policy for injuries sustained before the policy came into effect. Insurance fraud investigators Miami Beach South Beach. For example, in a road accident, a person may claim to have sustained a debilitating back injury. On investigations Miami Beach South Beach, however, it transpires that the injury had been sustained in an incident some months or even years before. Very often insurance fraud companies and insurance investigators Miami Beach South Beach will study medical reports and history to eliminate this possibility, as well as searching for evidence of previous claims or accidents. Insurance fraud investigators Miami Beach South Beach.

There are also many forms of fraud involving property, for example when a person with valuable assets (property, for example) deliberately destroys them, often through arson, with the intention of then claiming the value back through insurance fraud. Insurance fraud investigators Miami Beach South Beach. Another form would be an art collector insurance fraud a high-value piece and then have it 'stolen' - claiming the money for himself and keeping the art piece in the process.

Insurance fraud investigators Overview: Among the career paths in insurance fraud, insurance fraud investigators Miami Beach South Beach fill a private detective role. Insurance fraud investigators Miami Beach South Beach. Insurance investigators assist insurance fraud claims adjusters and insurance fraud claims examiners in cases where fraud or criminality is suspected, especially if the claim is large. Among the classic types of fraud that Insurance investigators investigate are:

Accidents staged for profit Insurance fraud investigators Miami Beach South Beach
Phony claims of injury or disability Insurance fraud investigators Miami Beach South Beach.
Miami Beach South Beach Arson for profit Insurance fraud investigators Miami Beach South Beach
Miami Beach South Beach Inflated values claimed on lost, damaged or destroyed property Insurance fraud investigators Miami Beach South Beach
Miami Beach South Beach Claims for stolen items that actually were hidden, sold or given away Insurance fraud investigators Miami Beach South Beach
Miami Beach South Beach Losses deliberately created through neglect or recklessness Insurance fraud investigators Miami Beach South Beach
Miami Beach South Beach Patterns of repeated excessive billing by contractors, repair shops, and medical providers (such as in the case of so-called drive-by doctoring) Insurance fraud investigators Miami Beach South Beach
Miami Beach South Beach Claims on life insurance fraud policies obtained with inaccurate representations, such as faked medical results Insurance fraud investigators Miami Beach South Beach
Miami Beach South Beach Claims on life insurance fraud policies where the deceased disguised suicide as an accident or murder Insurance fraud investigators Miami Beach South Beach
Miami Beach South Beach Claims on life insurance fraud policies where a beneficiary willfully caused the death of the named insured Insurance fraud investigators Miami Beach South Beach
Miami Beach South Beach Claims entered by impostors posing as the named insured or beneficiary Insurance fraud investigators Miami Beach South Beach
Miami Beach South Beach These are just some of the possible scenarios in which, if suspected by other members of the claims department, an insurance fraud investigator will be assigned the case. Insurance fraud investigators Miami Beach South Beach

Education Miami Beach South Beach: Educational requirements vary greatly, depending on the position and the employer. Insurance fraud investigators Miami Beach South Beach

Normally, a bachelor's degree is sufficient in Miami Beach South Beach. Previous work experience is even more important. Insurance fraud investigators Miami Beach South Beach

Certification in Miami Beach South Beach: There are no formal certification processes, but many larger insurance fraud companies have in-house training programs Miami Beach South Beach. Fraud insurance investigators Miami Beach South Beach. Insurance fraud claims adjusters and insurance fraud claims examiners sometimes make the transition to being insurance fraud investigators. Insurance fraud investigators Miami Beach South Beach

Otherwise, insurance fraud investigators in Miami Beach South Beach often have experience as private detectives or as law enforcement officers. Insurance fraud investigators Miami Beach South Beach

Duties and Responsibilities: Insurance fraud investigators, as a category of a private detective, must have a combination of analytic and people skills to succeed. Insurance fraud investigators Miami Beach South Beach. Insurance investigators must know where to find the information that Insurance investigators need and how to get it. Insurance investigators must be able to persuade other people to cooperate with their investigations in Miami Beach South Beach, even when the latter have no compelling interest to do so. Insurance investigators Miami Beach South Beach know how to interpret the data that Insurance investigators uncover, and draw its relevance to the case at hand. Insurance fraud investigators Miami Beach South Beach.

Typical Schedule: Insurance fraud investigators can have particularly irregular and long hours, especially if Insurance investigators are involved in surveillance of claimants. Insurance fraud investigators Miami Beach South Beach. The job has a mix of office and field work that is unpredictable. Insurance fraud investigators Miami Beach South Beach

What's to Like fraud insurance investigators Miami Beach South Beach: The work can be exciting for those who relish detective work and the chance to fight fraud and corruption. Insurance fraud investigators Miami Beach South Beach.

What's Not to Like fraud insurance investigators Miami Beach South Beach: Long, irregular hours can make a personal life difficult to maintain. Insurance fraud investigators Miami Beach South Beach.

Dealing with dishonest and corrupt persons on a regular basis can be difficult.

Salary Range fraud insurance investigators Miami Beach South Beach: Per the Bureau of Labor Statistics Miami Beach South Beach, median annual compensation was $59,850 as of May 2012, with the 90% earning between $36,950 and $89,810. Insurance fraud investigators Miami Beach South Beach.

Insurance fraud investigators Miami Beach South Beach insurance investigators may work for insurance fraud companies or as independent private fraud insurance investigators providing services to the insurance fraud industry.

WHAT PRIVATE FRAUD INSURANCE INVESTIGATORS Miami Beach South Beach does: To answer your question more seriously: having worked as both a defense lawyer, representing insurers, and as a plaintiff lawyer representing injured persons, I can tell you with some measure of certainty that there is no ‘high amount’ that triggers an investigation Insurance fraud investigators Miami Beach South Beach.

The insurance fraud adjusters will deploy insurance investigators Miami Beach South Beach when a claim ‘looks’ suspect (for an extreme and somewhat exaggerated example, a person with a sprained pinkie saying that they’re disabled for life will likely be subject to surveillance if there’s an ongoing claim Miami Beach South Beach). Insurance fraud investigators Miami Beach South Beach. The decision to send out someone to follow a claimant and see how they’re spending their time in real life is based on subjective criteria, and, in my experience, is often left to the adjuster’s discretion Miami Beach South Beach.

DOES “SIZE MATTER Insurance fraud investigators Miami Beach South Beach”: Of course, if a claimant is seeking minimal compensation, an insurer may decide that it’s not cost efficient to spend $2,000 – $3,000 to deploy an investigator Miami Beach South Beach, and might decide to settle the claim at a low level rather than incur that cost on top of the settlement cost. However, increasingly insurers seek to ‘send a message’ to claimants by aggressively investigating what they feel are suspect claims Miami Beach South Beach.

These ‘insurance investigators’ are an annoyance. Insurance fraud investigators Miami Beach South Beach. They’re hired to develop evidence, whether by observation or often by photograph or video, that a person isn’t as badly injured as they claim. In my practice, from both sides of the aisle, I’ve rarely seen an investigator hired by an insurer Miami Beach South Beach who was an accurate, independent, direct and honest reporter of what they observe Miami Beach South Beach.

GUIDE TO FRAUD INSURANCE INVESTIGATORS Insurance fraud investigators Miami Beach South Beach: More often, in my experience, these ‘insurance investigators’ (really, paid spies) recognize who’s paying the bill Miami Beach South Beach, and rather than acting as independent witnesses, they turn themselves into advocacy witnesses to try to help the insurance fraud companies or defense firms who pay for their services. Insurance fraud investigators Miami Beach South Beach.

WHAT A PRIVATE INSURANCE FRAUD INVESTIGATOR DOES Miami Beach South Beach: To answer your question more seriously: having worked as both a defense lawyer, representing insurers, and as a plaintiff lawyer representing injured persons, I can tell you with some measure of certainty that there is no ‘high amount’ that triggers an investigation.

The insurance fraud adjusters will deploy insurance investigators when a claim ‘looks’ suspect (for an extreme and somewhat exaggerated example, a person with a sprained pinkie saying that they’re disabled for life will likely be subject to surveillance if there’s an ongoing claim). Insurance fraud investigators Miami Beach South Beach. The decision to send out someone to follow a claimant and see how they’re spending their time in real life is based on subjective criteria, and, in my experience, is often left to the adjuster’s discretion Miami Beach South Beach.

DOES “SIZE MATTER” Miami Beach South Beach: Of course, if a claimant is seeking minimal compensation, an insurer may decide that it’s not cost efficient to spend $2,000 – $3,000 to deploy an investigator, and might decide to settle the claim at a low level rather than incur that cost on top of the settlement cost. However, increasingly insurers seek to ‘send a message’ to claimants by aggressively investigating what they feel are suspect claims Miami Beach South Beach.

These ‘insurance investigators’ are an annoyance Miami Beach South Beach. They’re hired to develop evidence, whether by observation or often by photograph or video, that a person isn’t as badly injured as they claim Miami Beach South Beach. In my practice, from both sides of the aisle, I’ve rarely seen an investigator hired by an insurer who was an accurate, independent, direct and honest reporter of what they observe Miami Beach South Beach.

THE INSIDER’S GUIDE TO INSURANCE INVESTIGATORS Miami Beach South Beach: More often, in my experience, these ‘insurance investigators’ (really, paid spies) recognize who’s paying the bill, and rather than acting as independent witnesses, they turn themselves into advocacy witnesses to try to help the insurance fraud companies or defense firms who pay for their services Miami Beach South Beach.

These ‘insurance investigators’ (sometimes retired adjusters; often, retired or disabled former law enforcement or private security officers) often hide or selectively record evidence of a claimant’s activity in an effort to try to ‘amplify’ the actions of an allegedly injured person. In other words, Miami Beach South Beach, when the person looks healthy, they start the video recorder; when they look injured, they turn the recorder off. Miami Beach South Beach. Not only that, but insurers and defendants, under the rubric of ‘work product’, try to hide the existence of such ‘spies’ and their videos until the eve of trial (a process I’m very critical of, and which I believe is based on old and discredited practice). Miami Beach South Beach.

In other words, when the person looks healthy, they start the video recorder; when they look injured, they turn the recorder off. Not only that, but insurers and defendants Miami Beach South Beach, under the rubric of ‘work product’, try to hide the existence of such ‘spies’ and their videos until the eve of trial (a process I’m very critical of, and which I believe is based on old and discredited practice). Insurance investigators collect evidence that may be presented in court, analyze findings based on investigations and make recommendations on how insurance fraud companies should deal with suspicious claims.

Job Description Details Insurance fraud investigators Miami Beach South Beach

Insurance fraud investigators work on a claim when there is a suspicion of fraud Miami Beach South Beach or that a crime has been committed. Insurance investigators may conduct interviews with the claimant, witnesses, police, physicians or fire insurance investigators to gather information about the incident. Miami Beach South Beach. For example, suspicion of arson may require insurance investigators to interview firefighters and insurance investigators to determine the cause of a fire. Insurance fraud can include overstating damages on a claim, staging accidents or making false claims. Insurance investigators may be required to conduct surveillance of the claimant. Miami Beach South Beach. For example, insurance fraud investigators working on workers' compensation claims may conduct surveillance of claimants to gather evidence of a false claim of injury.

Education Insurance fraud investigators Miami Beach South Beach

A high school education is usually all that is required for insurance fraud investigators, but some employers may require that job candidates have some training in law enforcement. Private fraud insurance investigators or law enforcement training provides an education in interviewing techniques, research and investigations methods. Education Miami Beach South Beach programs in criminal justice can provide training in criminal investigations that may be helpful for a career as insurance fraud investigators Miami Beach South Beach. Insurance investigators Miami Beach South Beach may specialize in a particular type of claims, which may require specialized training. For example, insurance investigators Miami Beach South Beach working on car claims may have the skills and training to assess damage Miami Beach South Beach.

Experience Insurance fraud investigators Miami Beach South Beach

Entry-level insurance fraud investigators train with experienced workers before working on claims independently. According to the Bureau of Labor Statistics Miami Beach South Beach, insurance investigators with little experience usually work on smaller, less complex claims. Experienced insurance investigators can provide guidance to beginning workers and demonstrate interrogation and investigations techniques. Miami Beach South Beach.

Skills Insurance fraud investigators Miami Beach South Beach

Insurance fraud investigators must have good written and verbal communication skills to interview witnesses, claimants, and experts and to prepare reports on the outcome of the investigations. Insurance investigators Miami Beach South Beach must have analytical skills to evaluate the information on a claim and determine whether fraud or criminal activity is present Miami Beach South Beach.

State Requirements Insurance fraud investigators Miami Beach South Beach

Insurance fraud companies may hire private fraud insurance investigators to handle claim investigations. States Miami Beach South Beach may require private fraud insurance investigators who contract with insurance fraud companies to obtain a license. Some states may require that private fraud insurance investigators obtain training, pass an examination and a criminal background check to work as an insurance investigator. State licensing boards may also require continuing education for private fraud insurance investigators.

Making a claim for more than your damages. Fudging the dates on an insurance fraud claim. Bending the truth about how an accident happened. Fraud insurance investigators Miami Beach South Beach. These are harmless lies that will make a huge difference in your payout and won’t matter to a big insurance fraud company, right Miami Beach South Beach?

Wrong. Each of these scenarios qualifies legally as insurance fraud. “Insurance fraud Miami Beach South Beach is defined as someone trying to obtain benefits from an insurance fraud company that he or she is not entitled to,” says Margaret Fleming, senior insurance investigators with the South Carolina Farm Bureau and a member of South Carolina Insurance fraud investigators Miami Beach South Beach.

Insurance fraud can take many forms, and no matter the form, it means big losses for insurers. “In fact, if fraud were a business, it would be a Fortune 500 company,” Fleming adds. For this reason, fighting fraud is a serious priority for insurers, and companies have developed many tactics to take on perpetrators.

What is insurance fraud? Insurance fraud investigators Miami Beach South Beach

The insurance fraud industry typically recognizes two kinds of fraud: hard and soft. “Hard fraud is when a person deliberately fabricates a claim”. “Soft fraud is when a person adds an element of fraud to an otherwise legitimate claim.” fraud insurance investigators Miami Beach South Beach.

Dana Kerr, the associate professor of risk management and insurance fraud at the University of Southern Maine School of Business, explains fraud insurance investigators Miami Beach South Beach. “Saying somebody stole your wedding ring Miami Beach South Beach when you lost it down the garbage disposal – that’s hard fraud. It’s a little bit easier to detect Miami Beach South Beach. Soft fraud would be padding an insurance fraud estimate, or misrepresenting yourself on an application for coverage.”

Consumers may associate “hard” fraud with career criminals, but in reality, all kinds of people commit all kinds of fraud. “There’s potential for fraudulent activity anywhere in the insurance fraud claims process,” Kerr says. Miami Beach South Beach.

How do companies detect insurance fraud? Insurance fraud investigators Miami Beach South Beach

Some types of insurance fraud are harder to detect than others – but none is impossible. Jing Ai, associate professor of finance at the University of Miami Beach South Beach, conducts research to help refine insurance fraud companies’ computer fraud detection programs. Miami Beach South Beach.

“We use statistical techniques to determine what factors contribute to fraud and how Insurance investigators contribute,” Ai says. Fraud insurance investigators Miami Beach South Beach. “There are usually indicators, for example, whether there’s a police report or whether it happened at night. One factor doesn’t mean it’s fraudulent, but an incident that does have a police report is just a little bit less suspicious.” Miami Beach South Beach.

Many larger insurance fraud companies already use these fraud detection programs. “Insurance fraud companies probably don’t need humans Miami Beach South Beach involved in the very beginning of the process,” Ai says. “We’re hoping to help them allocate their resources Miami Beach South Beach. If Insurance investigators only have so many hours of expert time, how can Insurance investigators prioritize the cases that are the most suspicious?” Miami Beach South Beach.

No matter how insurance fraud companies detect fraud, humans have to investigate it. Once a specific case is flagged for fraud, Kerr says, “that file gets sent to an insurance fraud company’s SIU Miami Beach South Beach, or a special investigations unit, which might employ retired cops and other law enforcement professional’s fraud insurance investigators Miami Beach South Beach This department follows through on these red flag claims, tries to identify those that are fraudulent in some way and collect evidence.” Miami Beach South Beach.

If an insurance fraud company’s investigative unit finds strong evidence of fraud, it has a few options. “Insurance investigators might try to settle with the insured, which usually means rejecting the claim or dropping the policy,” Ai says. “That’s in less serious cases fraud insurance investigators Miami Beach South Beach.”

In more serious cases, local, state or even federal law enforcement could get involved, either to help investigate further or to prosecute. Many states Miami Beach South Beach now have dedicated insurance fraud crime divisions to enforce relevant laws. “It can be either a misdemeanor or a felony,” Kerr says in Miami Beach South Beach.

What happens when a company spots a fraudulent claim? Insurance fraud investigators Miami Beach South Beach

Insurance fraud companies have a variety of ways to investigate fraud Miami Beach South Beach. In Kerr’s experience, good, old-fashioned detective work is still part of the process. Miami Beach South Beach. “We would hire an investigative firm to go out and videotape people who were on worker’s comp. Miami Beach South Beach. But there are frauds Insurance investigators searched, during hunting season, hauling a 200-pound deer carcass out of the woods. Insurance investigators may still be injured, but maybe Insurance investigators are not so bad off.” Miami Beach South Beach.

However, insurance fraud investigations no longer require so much legwork, thanks to social media oversharing. “Insurance fraud companies Miami Beach South Beach have hired people whose only job is to scour Facebook, Instagram, Twitter, looking for people who’ve collected an insurance fraud claim, but Insurance investigators just finished a 10K race. Miami Beach South Beach. If Insurance investigators not prosecuted, at least the insurance fraud company can justify discontinuing benefits,” Kerr says.

He adds, “Before social media, it was very difficult Miami Beach South Beach. Now, claimants do most of the work for you.”

What can consumers do? Insurance fraud investigators Miami Beach South Beach

First, consumers can be aware of what constitutes fraud Miami Beach South Beach – and not commit it. Law enforcement agencies take fraud very seriously, and it can have severe penalties, up to and including prison. For misdemeanor cases Miami Beach South Beach, fines are more common. It also has consequences for innocent policyholders. Miami Beach South Beach. The FBI estimates that the average U.S. family pays $400 to $700 per year in additional premiums because of fraud Miami Beach South Beach.

Your insurance fraud claim has become the subject of claims investigations? The prospect Miami Beach South Beach of this news can feel daunting, not to mention frustrating fraud insurance investigators Miami Beach South Beach. While the specific nature of the investigations Miami Beach South Beach will depend on the exact nature of the claim, insurance investigators tend to follow a tried and true series of steps Miami Beach South Beach. Knowing what to expect can ease your mind during the process and also make the process more efficient. Miami Beach South Beach.

First, it’s important to note that insurance fraud claims investigations are a necessary course of business for insurance fraud companies. Miami Beach South Beach. It’s part of their risk management process to prevent fraudulent or invalid claim payments. So don’t take it personally. Do your best to be helpful and cooperative Miami Beach South Beach.

Who will perform the claim investigations? Insurance fraud investigators Miami Beach South Beach

Adjusters, professional insurance investigators, auditors, attorneys, paralegals and/or operations management personnel are typically charged with conducting claim investigations. Miami Beach South Beach.

The investigative approach fraud insurance investigators Miami Beach South Beach:

The claim insurance investigators will seek to “reconstruct” the loss. In order to do so Insurance investigators will typically follow a systematic approach along these lines Miami Beach South Beach:

Incident Overview Insurance fraud investigators Miami Beach South Beach

The insurance investigators will begin simply by compiling a short summary of the event that includes the claimant data, type, date, time, location, and a brief description of the claim. This part should be a breeze. Miami Beach South Beach.

Claimant Interview/Statement Insurance fraud investigators Miami Beach South Beach

Your organization should be given an opportunity to make a statement, either verbally or in writing. This statement might even be recorded and entered into the report of the investigation. A basic “who, what, where, why” series of questions is likely and you can expect to follow up questions to each such as, “Is that all you remember Miami Beach South Beach?” or “Can you add anything else Miami Beach South Beach?” Be prepared in advance of time with this information.

Documentary Evidence Insurance fraud investigators Miami Beach South Beach

In many cases, claim insurance investigators will ask to see documentary evidence related to the claim. For example, you might be asked to provide a police report, receipts, inventory records, invoices, and shipping records Miami Beach South Beach. Other commonly requested documentary-type evidence includes titles, bills of sales, deeds, appraisals, and diagrams, proof of ownership, and photographs or video records Miami Beach South Beach.

The insurance investigator's’ job fraud insurance investigators Miami Beach South Beach is to scrutinize the evidence to either justify the claim or identify potential alterations or falsifications that could indicate a problem. Miami Beach South Beach.

Physical Evidence Insurance fraud investigators Miami Beach South Beach

Fingerprints, damaged property, DNA, computer hard drives… physical evidence is also considered in a claim investigation. Insurance investigators are trained to inspect physical evidence for acts of fabrication or illicit substitution. Miami Beach South Beach. You should be careful not to tamper with any physical evidence in advance.

Witness Statements Insurance fraud investigators Miami Beach South Beach

Statements from people who may have witnessed details or incidents related to the claim will be called upon to give their statements. Miami Beach South Beach. This is considered a critical element of the investigations as witness reports are “fact-checked” against the statements and evidence collected above Miami Beach South Beach. Discrepancies here can lead to additional investigative probing and the need for substantiation. Miami Beach South Beach.

Case Report Insurance fraud investigators Miami Beach South Beach

As the final step in claim investigations, the report highlights the most compelling facts of the case. The insurance investigators fraud insurance investigators Miami Beach South Beach do not typically offer an opinion in these reports; only the facts and findings. The report Miami Beach South Beach is, therefore, vital in cases of disputed facts and questionable evidence as it will help the insurance fraud company make a final determination as to their next move in handling your case. Miami Beach South Beach.

In claim investigations, preparation and cooperation will go a long way. Don’t wait until you’re put on the spot. Miami Beach South Beach. If you need help preparing for an insurance fraud claim investigations, contact the risk management experts at Lowers & Associates.

Insurance fraud investigations is a type of fraud investigations that centers around attempts to benefit from deceitful claims Miami Beach South Beach. Seeking compensation for false or inflated claims is illegal, dangerous, and raises the price of insurance fraud for everyone.

According to the Coalition Against Insurance fraud, an estimated $80 billion is paid out annually in fraudulent insurance fraud claims. This leads to the average household paying around $950 each year in higher premiums. Miami Beach South Beach. In addition, being held liable for a staged accident can increase your risk of being sued.

The prevalence of this type of fraud has resulted in insurance fraud companies acting with caution when paying claims, meaning you may need professional help when making your claim. An insurance fraud investigations Miami Beach South Beach aids by revealing false claims Miami Beach South Beach. Don't let your insurance fraud premiums be a waste of money; use a private fraud insurance investigator to safeguard your insurance fraud privileges.

Health Insurance fraud: Insurance fraud investigators Miami Beach South Beach

This investigation determines whether someone is getting paid for health care Insurance investigators are not receiving or is filing health care claims that are not valid or needed. Insurance investigators Miami Beach South Beach will search billing records to make sure that doctors and patients are not colluding to commit fraud. Fraud insurance investigators Miami Beach South Beach.

Car Insurance fraud: Insurance fraud investigators Miami Beach South Beach

Some criminals stage accidents in which Insurance investigators purposely collide with another car, then accuse the other driver of fault in order to file claims Miami Beach South Beach. Others attempt vehicle theft fraud, trying to get money for a car that is not stolen. Fraud insurance investigators Miami Beach South Beach

Home Insurance fraud: Insurance fraud investigators Miami Beach South Beach

With home insurance fraud, insurance investigators discover disaster fraud, including false damage claims. Insurance investigators will often determine if the claimant upgraded their coverage right before the claim was filed Miami Beach South Beach. Insurance investigators will also verify the validity of property damage claims. Fraud insurance investigators Miami Beach South Beach

Life Insurance fraud: Insurance fraud investigators Miami Beach South Beach

This type of investigations uncovers cases of people who claim too much life insurance fraud or claim it while still alive. Insurance investigators also verify the existence of those claiming life insurance fraud. Insurance fraud investigators Miami Beach South Beach.

WHAT PRIVATE FRAUD INSURANCE INVESTIGATORS DOES: To answer your question more seriously: having worked as both a defense lawyer, representing insurers, and as a plaintiff lawyer representing injured persons, I can tell you with some measure of certainty that there is no ‘high amount’ that triggers an investigation.

Fraud insurance investigators Miami Beach South Beach. The insurance fraud adjusters will deploy insurance investigators when a claim ‘looks’ suspect (for an extreme and somewhat exaggerated example, a person Miami Beach South Beach with a sprained pinkie saying that they’re disabled for life will likely be subject to surveillance if there’s an ongoing claim). Fraud insurance investigators Miami Beach South Beach. The decision to send out someone to follow a claimant and see how they’re spending their time in real life is based on subjective criteria, and, in my experience, is often left to the adjuster’s discretion.

DOES “SIZE MATTER”: Of course, if a claimant is seeking minimal compensation, an insurer may decide that it’s not cost efficient to spend $2,000 – $3,000 to deploy an investigator, and might decide to settle the claim at a low level rather than incur that cost on top of the settlement cost. Fraud insurance investigators Miami Beach South Beach. However, increasingly insurers seek to ‘send a message’ to claimants by aggressively investigating what they feel are suspect claims Miami Beach South Beach.

These ‘insurance investigators’ are an annoyance. They’re hired to develop evidence, whether by observation or often by photograph or video, that a person isn’t as badly injured as they claim. In my practice, from both sides of the aisle, I’ve rarely seen insurance investigators hired by an insurer who was an accurate, independent, direct and honest reporter of what they observe Miami Beach South Beach.

THE INSIDER’S GUIDE TO INSURANCE INVESTIGATORS Fraud insurance investigators Miami Beach South Beach: More often, in my experience, these ‘insurance investigators’ (really, paid spies) recognize who’s paying the bill, and rather than acting as independent witnesses, they turn themselves into advocacy witnesses to try to help the insurance fraud companies or defense firms who pay for their services Miami Beach South Beach.

These ‘insurance investigators’ Miami Beach South Beach (sometimes retired adjusters; often, retired or disabled former law enforcement or private security officers) often hide or selectively record evidence of a claimant’s activity in an effort to try to ‘amplify’ the actions of an allegedly injured person. In other words, when the person looks healthy, they start the video recorder; when they look injured, they turn the recorder off. Fraud insurance investigators Miami Beach South Beach. Not only that, but insurers and defendants, under the rubric of ‘work product’, try to hide the existence of such ‘spies’ and their videos until the eve of trial (a process I’m very critical of, and which I believe is based on old and discredited practice) Miami Beach South Beach.

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