Here is the synopsis of our sample research paper on Organized Criminal Enterprises: Involvement With Insurance Fraud Schemes. Have the paper e-mailed to you 24/7/365.
Essay / Research Paper Abstract
5 pages in length. Organized criminal enterprises, known to have quite an illustrious reputation when it comes to perpetrating insurance fraud, partake in a number of schemes designed to bilk insurance companies out of millions of dollars every year. Utilizing such ploys as medical mills, auto property, staged accident rings, paper accidents and false auto theft claims, organized criminal enterprises cost policyholders and insurance companies alike. Bibliography lists 8 sources.
Page Count:
5 pages (~225 words per page)
File: LM1_TLCInsFraud.rtf
Buy This Term Paper »
Unformatted sample text from the term paper:
of dollars every year. Utilizing such ploys as medical mills, auto property, staged accident rings, paper accidents and false auto theft claims (California Department of Insurance, 2003), organized criminal
enterprises cost policyholders and insurance companies alike. "On average, auto insurers are paying out almost twice as much in medical no-fault claims as they collect in premiums. Ultimately,
the result is higher auto insurance premiums - a fraud tax on every insured driver in the state" (Sztuk, no date). Medical mills
reflect some of the easiest money for organized criminal enterprises to obtain, inasmuch as it is one of the most difficult ploys to disprove. Colluding with unscrupulous doctors, organized
criminal enterprises establish false and exaggerated injury claims that become cycled through the system and end up paying out millions of dollars in scam money. The physicians on the
one side of this fraud - commonly known as white collar career criminals - front the operation from their offices, while the organized criminal enterprises supply the patients who are
oftentimes encouraged through coercion and/or bribery into taking part in the scheme. ..."Its a difficult crime to prove. Claims for soft tissue injuries and psychological stress are not
easy to disprove. Dirty professionals make the job tougher" (Schlossberg, 1992, p. 10). Staged accidents, where a crash is purposely caused in order to manifest an "injured" party,
takes New York drivers for approximately two million dollars a day, reflecting one of the most lucrative of all organized crime insurance frauds. According to the Insurance Information Institute
(I.I.I.), this equates to an additional one hundred twenty-four dollars being tacked on to a given policyholders premium. Says I.I.I.s Vice President for Consumer Affairs Jeanne M. Salvatore:
...