GEICO has had enough; the insurer is working with the New York State Insurance Department’s Frauds Bureau, the National Insurance Crime Bureau (NICB) and law enforcement agencies to curb fraud and increase public awareness of the problem.
GEICO also initiated the filing of a series of lawsuits against defendants accused of running a caused accident ring in New York who submitted fraudulent claims to the company totaling approximately $2 million. “Our claims team learned that many of the ‘accidents’ were purposely caused in order to subsequently overbill the company for medical treatments that weren’t needed or were never performed,” says Seth Ingall, regional VP of GEICO’s Woodbury, N.Y., office.
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