HIST 201 Chapter Notes - Chapter 11-14: Motor Vehicle Theft, Insurance Fraud, Lojack

• School: University of Maryland
• Department: History
• Course: HIST 201
• Professor: Howard Smead

Document Summary

Insurance fraud- car owner reports car stolen and hides it for approx. After 30 days insurance claims are often paid without question. Once the claim is paid, the car magically reappears in poor condition. System auto(cid:373)ati(cid:272)all(cid:455) a(cid:272)ti(cid:448)ates (cid:449)he(cid:374)e(cid:448)e(cid:396) the d(cid:396)i(cid:448)e(cid:396)(cid:859)s doo(cid:396) is ope(cid:374)ed a(cid:374)d the(cid:374) closed while the engine is running. Viruses: hacking- breaking into a network by bypassing security measures. Commission (sec: churning- t(cid:396)adi(cid:374)g a (cid:272)lie(cid:374)t(cid:859)s sha(cid:396)es of sto(cid:272)k f(cid:396)e(cid:395)ue(cid:374)tl(cid:455) i(cid:374) o(cid:396)de(cid:396) to ge(cid:374)e(cid:396)ate la(cid:396)ge commissions. Insurance fraud: policyholder fraud- filing of false claims for life, fire, marine, or casualty insurance. International crimes- major criminal offenses designated by the community of nations for the protection of interests common to all human kind. Poses significant health and safety issues and economic loss. This problem will increase due to the openness of borders, growth of organized crime, and lack of data and criminological analysis.