Fraud Costs Us All
The cost of insurance fraud nationwide for all insurance carriers and their customers is substantial. In fact, the Coalition against Insurance Fraud estimates that insurance fraud costs Americans $80 billion a year.
While we know that very few claims are fraudulent, we do take our obligation to our customers and shareholders seriously by guarding against the increased costs of fraudulent claims and other insurance transactions.
We all should be dedicated to the anti-fraud effort through fraud detection, investigation and cooperation with local law enforcement authorities.