Thursday, May 24, 2012

Insurance fraud - It hurts us all

I am happy to see this position created in the Bexar County DA's Office.

Hopefully this will enable the State to start cracking down on insurance fraud, which costs all of us money.

DA's office to focus on insurance fraud with new position
By Craig Kapitan - Express-News

Bexar County is now the third metropolitan area in Texas with a Texas Department of Insurance-funded prosecutor solely devoted to “rooting out and convicting individuals committing insurance fraud,” District Attorney Susan Reed announced Wednesday during a press conference with insurance industry representatives.

The position, as well as an accompanying investigator job, will cost the state agency roughly $175,000 per year.

The overall goal, said Texas Department of Insurance Commissioner Eleanor Kitzman, is to eventually save taxpayers money on their own insurance bills by putting a large-enough dent in such crimes.