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Auto Theft & Fraud - Michigan

The increase in claims involving vehicle identity theft or "cloning" is rising in the United States. More than 225-thousand out of one-point-five million vehicles stolen annually are cloned vehicles. VIN cloning has cost consumers and insurance companies 4 billion dollars over the last 10 years. Knowledge of this practice enables insurance personnel to better serve policy holders and offset the risk and liability of insuring a vehicle which may be stolen and subsequently cloned. This workshop is designed to explain and provide working knowledge of the basic criminal elements and operations participating in this form of vehicle theft. The insurer will be able to inform and assist policy holders in the safe purchase of a vehicle. We will discuss methods of detecting and reporting cloned vehicles. CREDITS: 3

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