Monday, March 24, 2014

Insurers Warned on Rise in Fraudulent Car Rental Schemes

In the last 12 months, Kraig Palmer he has seen rental car schemes “rise faster than any other auto fraud trend.”

Palmer, an investigator with the California Highway Patrol, describes this fraud as a multilevel crime, committed by opportunistic drug addicts and sophisticated street gangs.

He recounted his experiences at the recent Combined Claims Conference in Orange County, Calif.

People engaged in this type of crime use multiple fraudulent or stolen identities and targets rental car companies by renting multiple cars, according to Palmer. They then use the rented cars to commit crimes. The cars are eventually recovered, typically burned out or with significant collision damage.

source: www.insurancejournal.com

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