South Korea: Insurance fraud committed by teenagers on the - TopicsExpress

South Korea: Insurance fraud committed by teenagers on the rise **False accident reports topped the list of insurance fraud cases. The teenagers allegedly crashed their cars or motorcycles into other vehicles . They claim compensation either from their drivers of the other vehicles or insurers. Sometimes, they are warded in hospitals with minor injuries. ** HOW THEY DO IT ? Members of the group deliberately bumped into taxis which crossed the median, making the incidents look like accidents. They did this 44 times and took some KRW110 million (US$100,000) through the scam. They planned the scam because they knew that taxis around the particular area in Seoul frequently cross the median to avoid crowds. The taxi drivers are reluctant to report the incident because they know they have violated the traffic law. Source: Asia Insurance Review

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