The insurance industry’s reputation can’t seem to catch a break, and scam artists aren’t helping. Farmers Insurance Group of Companies is warning its policyholders and others to think twice before accepting prize money, pointing to a scam that uses Farmers and Readers Digest as its cover to trick victims into sending funds back to cover processing costs.

In the latest of several mail scams, victims receive what appears to be an official letter written in simple terms with a check in an amount under $5,000. The letter states that the victim has won $500,000.

Register or login for access to this item and much more

All Digital Insurance content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access