I was shocked by this stat the other day. The National Insurance Crime Bureau says identity theft–driven insurance fraud is projected to spike 49% by the end of 2025.

Really, insurance fraud?

You see, identity theft isn’t just about someone opening a store credit card or taking a car loan out in your name anymore. Criminals are using stolen info to pull off insurance fraud to quietly file bogus claims that will jack up your premiums and deny you future coverage.

They’re not amateurs

These scammers are building synthetic identities. Think people made from a mix of real info (like your Social Security number) and fake details. Then they use those ghost identities to buy policies and file false claims to collect the money.

Let me break it down:

• In Iowa, an insurance adjuster allegedly forged clients’ signatures to reroute settlement checks to himself.
• In Texas, a man used his ex-wife’s identity to open an auto policy and pocket all the payouts.
• And NICB warns that synthetic IDs are now being used to file fake life insurance and medical claims that can sit undetected for years. Wow.

So what if it’s not ‘you’?

Here’s the part no one tells you: Even if the fraud isn’t in your name, it can still come back to bite you.

If someone builds a synthetic ID with your SSN or address, insurance companies may flag you as high risk, especially if there are multiple claims tied to your data. That means higher premiums, denied coverage or even getting dropped altogether.

Trying to...

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