Insurance Fraud Becoming More and More Prevalent

The National Insurance Crime Bureau recently conducted a study of insurance fraud and suspected insurance fraud in the United States, and the findings of that study were quite disturbing. According to the Bureau, fraud rose approximately 27% between 2010 and 2012 with a whopping 100,000 potentially property insurance claims and casualty insurance claims cost insurance companies around $30 billion each year.  Insurance criminals don’t always act alone either; sometimes, there are entire rings dedicated to insurance fraud, making the problem even more prevalent.

fraudulent claims submitted during that time. It gets worse too; the Bureau estimates that fraudulent

With such a rise in insurance fraud, it’s important that your company carefully investigates all property insurance claims and casualty insurance claims. Of course, giving every claim the attention it deserves can be difficult when you’re overstaffed and your workers are overstressed. Know that you don’t have to bear the full brunt of these responsibilities, however; you can get help from the friendly insurance pros at HC Adjusters, who carefully investigate each and every claim that comes their way.

Related articles

• Dyman & Associates Insurance Group of Companies: The Rise in Insurance Fraud and How to combat it (ireport.cnn.com)