In law enforcement, the most egregious acts of theft are often solved more quickly than cases of simple theft. That's because law enforcement officials often devote vast resources to bringing high-profile crimes to justice.High-profile insurance fraud also is often solved expeditiously for the same reason-the resources committed to the big-dollar cases are significant. But when it comes to common fraud, insurers have found that the jury's out on their overall ability to identify and curb it.
While these "small" fraud cases appear innocuous, carriers die a "death by a thousand cuts" as a result of them. It's all part of what is estimated to be an $80-billion annual problem in the United States, according to The Coalition Against Insurance Fraud, Washington, D.C.
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