Insurance fraudsters hit after Texas storms

If insurers didn’t have enough on their plates with genuine claims, an unprecedented wave of fraudulent claims are adding to the mayhem

Insurance News

By Ryan Smith

With Texas reeling from the latest round of natural disasters, insurance adjusters are still assessing the damage from April’s hail storms. The latest figures indicate that the final tally will exceed $2 billion in losses.
 
The further bad news for carriers is that scammers are trying to cash in on the storms, with the Texas Department of Insurance Fraud already reports 60 cases.
 
“They say it all deals with automobiles – people who have damaged their cars if they weren’t damaged in the hail storm, trying to get insurance money – or just old damage that could have occurred from two or three years ago and trying to say the damaged occurred from the most recent hail storms,” Mark Hanna with the Insurance Council of Texas told NPR.
 
San Antonio has already had 30 reports of hail this year with record hail size of 4” being reported. Worst suburb? 78209 that has already had 6 reports of hail according to stormersite,com.
 

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