The past year has demonstrated that when the economy sours, fraud surges. The Coalition Against Insurance Fraud reports that fraud bureaus are noticing a significant uptick in their caseloads. This increased incidence comes at a time when staff resources are scant.
"The troubled economic climate confronts many fraud bureaus with the severest challenge they've faced in years," said Dennis Jay, the Coalition's executive director. "But a positive outcome could be greater efficiency in combating schemes as fraud bureaus find better ways to fight crime with the resources they do have."
The Coalition conducted a survey to examine trends in the frequency and severity of insurance fraud and how economic conditions affect the bureaus themselves. It found, on average, the referrals received and cases opened swelled across all 15 categories of fraud included in the survey.
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