Russian Insurance Scam

Media Type: TV Clips Topic: Incentives

Click here to watch this clip.

This shocking video is a compilation of pedestrian–motor vechile accidents (or near accidents) filmed in Russia. These videos are a startling result of a Russian law claiming that drivers are at fault for all accidents between their vehicles and pedestrians.  No matter whose fault the accident may have been, drivers must legally compensate the pedestrian "victim."  This law has incentivized citizens to purposefully get into minor accidents with vehicles in order to claim insurance money.  These dangerous acts have caused many Russian motorists to install cameras on their dashboards to obtain proof of their innocence when they encounter one of these scammers.

Your Thoughts
Was this helpful to you?
0
(0 votes)
Tags
Related Content

What People are saying...

Ask Dirk Now!

Students, got an econ question?

Who's Dirk?
More on the man, himself. Meet Dirk
Econ Media Library
Check out multimedia tools, videos and more in our Media Library