Rewards for reporting auto insurance fraud depend on the state and the specific circumstances. Here are some key details:
1. State-Specific Reward Programs
- Some states offer monetary rewards for reporting insurance fraud, such as California, Florida, and Texas.
- The amount varies, but it can be a percentage of the recovered amount or a fixed reward.
2. National Insurance Crime Bureau (NICB) Reward
- The NICB offers rewards up to $25,000 for information that leads to a conviction in significant fraud cases.
- You can report fraud anonymously via 1-800-TEL-NICB or NICB’s website.
3. Whistleblower Laws (Federal & State)
- Under the False Claims Act, whistleblowers may receive 15% to 30% of the amount recovered if the fraud involves federal funds (e.g., Medicare fraud in auto injury claims).
How to Report Auto Insurance Fraud:
- Contact your state’s insurance fraud bureau (each state has one).
- Report through the NICB or the insurance company’s fraud department.
- If it involves federal fraud, consider filing a whistleblower lawsuit with a lawyer.