Fraudulent claims can have a monumental financial impact, with the FBI estimating non-health insurance fraud costs over $40 billion per year. (Credit: BillionPhotos.com/ stock.adobe.com) Fraudulent claims can have a monumental financial impact, with the FBI estimating non-health insurance fraud costs over $40 billion per year. (Credit: BillionPhotos.com/ stock.adobe.com)

The Coalition Against Insurance Fraud recently released their Globalization of Insurance Fraud Study, which found that many insurance organizations may not be prepared to deal with the growing threat of global fraud rings.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected].