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tag: background_check_investigation
Insurance Frauds are becoming very common these days, not just in India but in the whole world. Cash for crash claims are rising sharp! Most of the people do almost anything to avoid getting into a collision, but for some, a collision is just one of the best ways to fatten their wallets.
nsurance companies are facing great pressure in cracking the fraud insurance claims. Fraudsters are utilizing well-planned tactics to get benefited from forged claims. For instance, they fix damaged panels to their car to show that they he/she has met with an accident. These companies further point out that more than 60% of the insurance claims paid are not investigated by them.
Frauds in insurance sector is affecting both the parties namely policyholders and insurers. In a broader sense, as a result of many people committing frauds, the insurers are losing to their competitors and also the poor honest policyholders are pressurized for paying extra premiums reluctantly.
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