Security Management White Papers
Combating Insurance Claims Fraud: How to Recognize and Reduce Opportunistic and Organized Claims Fraud
Overview An exaggerated accounting of losses ?an inflated value for stolen property? a body shop estimate that happens to include pre-existing damage ? medical charges for nonexistent conditions? it's all small potatoes, a victimless crime, fair compensation for spiraling premiums and deductibles, right? These attitudes cost the industry billions of dollars each year. And what costs insurers also cost the rest of all. According to the Insurance Information Institute, property and casualty insurance fraud strips an estimated $30 billion from the industry each year5 - losses that must be made up in premiums. Since insurance fraud is hard to detect, these figures can only hint at the magnitude of the problem.
| Publisher | SAS Institute | File Format | |
|---|---|---|---|
| Date Published | November 2008 | ||
| Format | White Papers | ||
| Topics | |||
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