ALM's Insurance Speak podcast celebrates its 100th episode with our latest conversation with Matthew Smith, executive director of the Coalition Against Insurance Fraud. Over the last several years, the podcast has covered a wide variety of topics ranging from marketing, insurtechs, commercial claims, cyber and emerging risks to the impact of nuclear verdicts, the role of trauma-informed care and so much more.
This episode tackles the subject of insurance fraud, which costs a staggering $308.6 billion annually, and is a cost that everyone bears. The Coalition Against Insurance Fraud, in conjunction with Verisk and Dynata, recently released a new study entitled, Who Me? Who Commits Insurance Fraud and Why, that helps to answer some questions on what motivates individuals who engage in defrauding companies.
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