When dozens of taxi and limo drivers claimed the same home address, it led to a big insurance bust.
North Carolina Insurance Commissioner Mike Causey says falsely listed the same address in suburban Union County to get a break on auto insurance.
A news release by Causey says the drivers all listed the same single-family house to avoid paying higher auto insurance premiums in Mecklenburg County, which surrounds North Carolina’s biggest city. Causey says the drivers were each charged with rate evasion.
Union County property records show the Waxhaw house is a two-story stucco structure with about 4,000 square feet of living space. A phone number listed for the house was disconnected.
Causey employs 20 law enforcement officers to investigate insurance fraud.
Topics Personal Auto North Carolina
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Japan’s $550B Bet on America—What it Means for the US Insurance Market
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit
AI for the Defense: Should Insurers or Law Firms Pay?
Hedge Fund Money Is Reshaping a 180-Year-Old Insurance Model 

