Fraud is a major problem for insurers and the general public alike. The National Insurance Crime Bureau contends that 10 percent or more of P&C claims are fraudulent. Percentages are even higher in worker’s compensation. And the FBI says non-health insurance fraud amounts to $40 billion annually.
Adding in health insurance fraud, the broader impact of fraud on consumer prices and the diversion of public resources to fight fraud, the Coalition Against Insurance Fraud pegs the total cost at $80 billion.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access