Insurance fraud is any act committed with the intent to fraudulently obtain payment from an insurer.
Insurance fraud has existed ever since the beginning of insurance as a commercial enterprise. Fraudulent claims account for a significant portion of all claims received by insurers, and cost billions of dollars annually. Types of insurance fraud are very diverse, and occur in all areas of insurance. Insurance crimes also range in severity, from slightly exaggerating claims to deliberately causing accidents or damage. Fraudulent activities also affect the lives of innocent people, both directly through accidental or purposeful injury or damage, and indirectly as these crimes cause insurance premiums to be higher. Insurance fraud poses a very significant problem, and governments and other organizations are making efforts to deter such activities.
American International Group, Inc. (AIG) has submitted a letter to the board of directors of 21st Century Insurance Group proposing to acquire the outstanding 38.1 percent publicly held shares of 21st Century for $19.75 per share in cash.
21St Century Auto Insurance
21st Century Insurance Company is a quality, affordable carrier for automobile insurance serving California, Arizona, Illinois, Indiana, Nevada, Ohio, Oregon and Washington.
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21st Century Auto Insurance Group's begins with its founder Louis W. Foster. After 20 years as an independent agent in the insurance business, Mr.
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21st Century Auto Insurance
This is the seventh largest personal auto insurance company in California, which insures over 1.5 million automobiles. 21st Century also offers personal automobile, motorcycle, and ...
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21st Century Auto Insurance
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