LANSING — This week is Worldwide Fraud Consciousness Week, and the Michigan Division of Insurance coverage and Monetary Companies (DIFS) is reminding Michiganders to be looking out for insurance coverage and monetary fraud and to report suspected scams to the DIFS Fraud Investigation Unit (FIU).
“Worldwide Fraud Consciousness Week was created to reduce the affect of fraud by selling consciousness and schooling, two crucial elements of our shopper safety mission at DIFS,” mentioned DIFS Director Anita Fox. “Insurance coverage fraud prices Individuals roughly $80 billion yearly, so there has by no means been a extra essential time to be vigilant. I’m pleased with the work that the dedicated staff members of the FIU do daily to convey these criminals to justice and make sure that Michiganders have secure entry to the industries we regulate.”
The Division’s FIU investigates felony and fraudulent exercise associated to the insurance coverage and monetary industries. FIU investigators work with the Lawyer Common and different state, county, and native regulation enforcement companies to prosecute these crimes. Along with the work finished by FIU, DIFS additionally affords a wide range of fraud consciousness assets, together with the DIFS web site, publications, movies, and the DIFS Locator, which allows shoppers to confirm that they’re working with correctly licensed people and companies within the insurance coverage and monetary providers industries.
Insurance coverage and monetary fraud can embrace a variety of acts akin to promoting faux auto insurance coverage certificates, staging faux accidents to file fraudulent claims, mortgage fraud, and profiting from money apps to steal cash from victims. Suspected fraud within the insurance coverage and monetary sectors will be reported to the FIU safely, simply, and, most often, anonymously by calling 877-999-6442 or by visiting Michigan.gov/ReportFraud2DIFS.
The mission of the Michigan Division of Insurance coverage and Monetary Companies is to make sure entry to secure and safe insurance coverage and monetary providers basic for the chance, safety, and success of Michigan residents, whereas fostering financial progress and sustainability in each industries. As well as, the Division supplies shopper safety, outreach, and monetary literacy and schooling providers to Michigan residents. For extra data, go to Michigan.gov/DIFS or observe the Division on Fb, Twitter, or LinkedIn.