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Car Accident Fraud Can Cause Insurance Prices to Rise

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Man And Woman Having Argument After Traffic AccidentCar insurance the price you pay is going to increase!

It is hard to believe during 2009, Tampa experienced a 290-percent increase in questionable claims related to staged or caused accidents, the CFO’s office said in a press statement. A single staged accident can generate tens of thousands of dollars in fraudulent claims.

The three cities Tampa, along with Miami and Orlando, make up three of the top five cities nationally for questionable claims associated with staged accidents, and PIP fraud accounts for more than 40 percent of Florida’s annual insurance fraud referrals, the statement said.

About the Author Don

Don Westerfeld has been active in the field of Insurance and Financial Planning since 1997. Don grew up in Indiana later moving to Lakeland Florida where he continues to reside with his wife and children. When he’s not in the office you can find him enjoying the great outdoors. He has served on several charitable business and non-profit organizations and continues to provide guidance, advice and support to local charities.

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