Auto Dumping on the Rise

According to the Coalition Against Insurance Fraud, the New York Alliance Against Insurance Fraud issued a report this week detailing a 35% increase in so-called “owner give up” frauds where a car owner arranges to have a car stolen and destroyed – often by fire or by dumping the vehicle in a lake or river.  Fraud investigators across the industry saw a spike in these scams -particularly with high-end SUV’s – when gas prices skyrocketed.  But now with the deterioration in the economy over the last few months, it seems the trend may continue.

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One Response to Auto Dumping on the Rise

  1. I wondered when this would start to happen. It only makes sense that people would try this scam in harder times. Thanks for sharing!

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