Fraud: Property, Life and Casualty Fraud
PROPERTY, LIFE AND CASUALTY FRAUD
The Property, Life and Casualty Fraud Program handles criminal investigations involving staged commercial/residential burglaries, life insurance fraud (which includes murder for profit cases), fraudulent natural disaster claims (wildfire, flood, earthquake, wind), slip and fall claims, internal embezzlement cases, false food contamination claims, and false marine claims. Criminal investigations in this program area can involve millions of dollars in loss (especially in life insurance fraud cases), multiple claims for the same loss and multiple suspects. Many of these cases have been jointly investigated with local and federal law enforcement agencies and have been prosecuted at the local, state or federal level.
This program accounts approximately for five percent of the Fraud Division's allocated budgetary resources. The funding stream for this program is generated by a $2,100 assessment for each certificate of authority in California. These funds are non-restrictive and can be used to support all other Fraud Division program areas if needed; however, they are for Fraud Division use only, as there is no local assistance component in this program area.
During Fiscal Year 2010-11, the Fraud Division identified and reported 5,594 SFCs, assigned 92 new cases, made 42 arrests and referred 38 submissions to prosecuting authorities. Potential loss amounted to $229,682,863.
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