Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  News  >  Companies  >  All News

News : Companies

Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors

GEICO : Recommends Protection from Insurance Fraud

share with twitter share with LinkedIn share with facebook
share via e-mail
11/04/2017 | 12:51pm CET

Insurance fraud is a billion dollar industry that includes not only automobile damage but medical and property claims as well. Douglas Shiring, director of GEICO’s special investigative unit, said, “The best way to avoid getting caught up in an auto insurance scam is to know how to protect yourself as best you can.”

According to The National Insurance Crime Bureau (NICB), the most common staged accidents include the Swoop and Squat, Side Swipe, Panic Stop and the Drive Down. The common themes in all of the scenarios are multiple vehicles and multiple people claiming injuries in the vehicle or outside assisting in the scheme.

Here’s how to protect yourself from some of those scenarios:

  • Do not tailgate – Criminals will brake unexpectedly in front of tailgaters to intentionally cause an accident. Look out for vehicles that brake suddenly for no apparent reason.
  • Call the police to the scene – Beware of anyone who is anxious to leave quickly before police arrive.
  • Take photos – Take photos of the vehicles involved and the accident scene.
  • Document Record names, addresses, license plate numbers, witness information, and any other facts you think might be important.
  • Count record the number of occupants in each involved vehicle.
  • Personal injury claim – Be cautious of physicians who insist you file a personal injury claim after an accident, especially if you are not hurt.
  • Unsolicited tows – Be wary of tow trucks that arrive on the scene without anyone having called service. GEICO has a local tow provider list so we can assist.
  • If you suspect fraud, notify police or GEICO 1-800-824-5404 ext. 3313.

Additional information on insurance fraud is available on GEICO.com, GEICO More and NICB.org.

GEICO (Government Employees Insurance Company) is a member of the Berkshire Hathaway family of companies and is the second-largest private passenger auto insurance company in the United States. GEICO, which was founded in 1936, provides millions of auto insurance quotes to U.S. drivers annually. The company is pleased to serve more than 15 million private passenger customers, insuring more than 24 million vehicles (auto & cycle).

Using GEICO’s online service center, policyholders can purchase policies, make policy changes, report claims and print insurance ID cards. Policyholders can also connect to GEICO through GEICO Mobile, reach a representative over the phone or visit a GEICO local agent.

GEICO also provides insurance quotes on motorcycles, all-terrain vehicles (ATVs), boats, travel trailers and motorhomes (RVs). Coverage for life, homes and apartments is written by non-affiliated insurance companies and is secured through the GEICO Insurance Agency, Inc. Commercial auto insurance and personal umbrella protection are also available.

For more information, go to www.geico.com.

© Business Wire 2017
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news "Companies"
03:47p HOMESERVE : wraps up £54 million takeover
03:47p AGGREKO : worries Temporary power firm
03:47p CHAROEN POKPHAND FOODS PUBLIC : Top award for foods company
03:47p TATA MOTORS : Charts Out 'Connecting Aspirations' As Its New Corporate Brand Identity in Global Markets
03:46p NETWORKNEWSBREAKS – FIRST COBALT CORP. (TSX.V : FCC) (OTCQB: FTSSF) Proposed Three-Way Merger Approved by CobalTech Mining, Inc. (TSX.V: CSK) Shareholders
03:46p FTSE gets sterling boost, land purchase threat dents housebuilders
03:46p FIRST COBALT CORP. (TSX.V : FCC) (OTCQB: FTSSF) Making an Impact in Cobalt Markets
03:45p ROCKWELL AUTOMATION : Maricann Group, Inc. Adopts a Connected Enterprise Solution from Rockwell Automation to Produce Consistent, High-Yield Crop in Medicinal Cannabis Industry
03:45p INTELLIGENT DIALOGUE TECHNOLOGY COMBINED WITH AUGMENTED REALITY : Ask Mercedes: the virtual assistant for immediate help
03:45p Global Online Takeaway Food Market Outlook 2022 - Key Players are Just Eat, The Delivery Hero Group, GrubHub, Inc. and Takeaway - Research and Markets
Latest news "Companies"