insurance fraud

February 14, 2021
insurance fraud

All You Need to Know about Insurance Fraud

According to a study done by the Coalition Against Insurance Fraud, the cost of illegitimate insurance claims average around $80 billion each year. It is in a company’s best interest to verify each insurance claim mainly because fraudulent claims end up raising the price of insurance for everybody else as well.
January 16, 2021
types of insurance fraud https://www.pexels.com/photo/scam-alert-letting-text-on-black-background-5697256/

Common Types of Insurance Fraud

Each year, approximately $40 billion are wasted on fraud. These are handed over to customers in the form of high premiums. American families are said to pay almost $400 to $700 each year in the form of premiums.