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A monumental disaster
By Ken BrownleeIf insurers stopped taking statements and written, signed ones are better than recorded they will spend more defending lawsuits than they would settling owed claims.
Claims covers many aspects of fraudulent claims - how they are perpetrated, red flags to look for in a claim, provides examples of fraudulent claims and the consequences for the perpetrators, and highlights the most egregious fraudsters in our annual Hall of Shame feature.
If insurers stopped taking statements and written, signed ones are better than recorded they will spend more defending lawsuits than they would settling owed claims.