Insurance Claims and Rate Evasion Fraud System Based Upon Vehicle History
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United States of America Patent
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Issued Date -
Nov 19, 2015
app pub date -
May 26, 2015
filing date -
Apr 20, 2007
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Abstract
A system and method of identifying warning signs of fraud associated with vehicle insurance transactions is presented. The system and method operate by identifying a vehicle, retrieving vehicle history information about the vehicle and determining if the vehicle history information indicates potential fraud based on factors which show a relationship between said vehicle history information and potential fraud incidents. Inferences related to an insurance claim or quote are made based on the results of the determination.
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