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...intained by the National Insurance Crime Bureau and learned: The insured...it its prosecutorial efforts to major crimes that exceed $1 million.

... . Classic Car had paid the insured's mother $75,000 for the loss of her Mercedes. The coincidence was too great to ignore. The investigator began to do the work he was trained to do. He first checked the database maintained by the National Insurance Crime Bureau and learned: The insured had been the reported victim of two auto accidents and a residential burglary-none of which were reported on the application for insurance. The insured had been convicted, at age 19, of four counts of check forgery, ultimately causing a ... he had taken at the dealership. Classic Car Insurance Co., taking his application on face value, issued the policy. Since the car was to be driven only 1,000 or fewer miles per year, the premium on the policy, including third-party Liability coverage, was less than $1 ,000. The insured financed the premium with a local insurance financing company and had to make a down payment of only $200. His first payment was due 30 days later. Two days before the payment was due, ... Physical Damage insurance on a Rolls-Royce before the regulation was fully effective. His planning was flawless. He was thwarted in his efforts only because of the actions of a dedicated, thorough investigator. To start his plan, the insured went to a Beverly Hills classic automobile dealer and took two Polaroid photographs (slightly out of focus) of a 1946 Rolls Royce. Unlike modern cars, the Rolls did not have its vehicle-identification number beneath its windshield. It was written on the specification sheet provided to him by the dealer. The insured ...