Chinese woman uses 900 flights to get ins. Compensation
Tuesday, 06 16 2020, Category: Insurance and Reinsurance, Country: China
A woman in China was arrested by local police in the Chinese city of Nanjing after her scheme of making money off delayed flights was discovered, The Paper reported.
The 45-year-old woman, surnamed Li, used 20 other identities in addition to her own, to take out almost 900 travel insurance policies from 2015 to 2019.
But instead of getting onto the flights herself, Li was making use of her past travel service work experience to selectively take out insurance on flights that she thought would be delayed.
The Paper, citing Yangtse Evening Post, said she was able to receive relevant information beforehand that tells her if the flight was going to be delayed or cancelled.
Thereafter, she would purchase the tickets to the flights that are likely to be delayed or cancelled, before checking if there is any extreme weather along the route the flight is going to take that day.