The Coalition Against Insurance Fraud estimates that insurance fraud steals at least $308.6 billion every year from American consumers. Insurance frauds leading to criminal prosecutions and civil cases will no doubt continue this year and for years to come. The prosecutions and convictions, however, often lag years behind the commission of the frauds and in most cases touch only upon the proverbial The Coalition Against Insurance Fraud estimates that insurance fraud steals at least $308.6 billion every year from American consumers. Insurance fraud leading to criminal prosecutions and civil cases will no doubt continue this year and for years to come. The prosecutions and convictions, however, often lag years behind the commission of the frauds and in most cases touch only upon the proverbial "tip of the iceberg." (Credit: Seth Wenig)

Lawyers, accountants, other professionals, business people and consumers who are not directly involved in discovering, challenging and litigating insurance fraud matters likely would be shocked to learn about the breadth and prevalence of these schemes.

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.

Investigative & Forensics
Personal Lines