A shocking truth that many people don’t realize is that
insurance fraud has become a ‘norm’ in our society. You read news stories about
insurance fraud and watch them on TV regularly. The number of people making
fraudulent claims is increasing every year. As a result, insurance companies
raise their premiums and every policyholder has to pay the price of damage a
few black sheep inflict.
It is not possible for every person to hire an insurance fraud specialist
every time they suspect someone is committing insurance fraud, but you can
learn more about insurance fraud, so you can protect yourself. You can contact NSIU, one of
the top private investigation
firms in the country, when the occasion calls for it.
Facts about Insurance Fraud
· -
It is estimated that in the U.S. about $80
billion worth of fraudulent claims are filed every year.
·
$50 billion of these can be attributed to
medical insurance fraud.
· -
This costs every policy holder about $400 each
year, because of increased premiums.
· -
Most common type of insurance fraud is premium
diversion; insurance agents don’t send the premiums to underwriters and keep
them for themselves.
· -
Natural or accidental disasters can often invite
fraudulent claims. People try to take advantage of the disaster and make
fabricated claims about their property damage and lost possessions.
· -
Many states, or state fraud bureaus, offer
rewards to individuals for reporting ongoing insurance scams.
· -
Sometimes a service provider will offer free
service to you, but later bill your insurance company for the same service.
This type of insurance fraud can commonly go unchecked.
· -
A large number of insurance fraudsters pose as
insurance agents and scam people out of their money, while they never actually
provide any insurance.
·
Contacting the insurance company regarding the
insurance agent who has contacted you will help to mitigate this type of scam.
· -
A mechanic or body shop worker may exaggerate
the damage and charge the insurance company more, making you an unwitting
insurance scammer.
-The information above will help you learn more about
insurance fraud schemes around you and how it will hurt you as a policy holder.
If you suspect that you or your organization is being targeted for insurance
fraud, then you should contact NSIU immediately.
Company Introduction
National SIU (Special Investigation Unit) is a professional
investigation firm that specializes in surveillance and other services specifically
for risk managers and insurance professionals. The organization’s main goal is
to provide their clients with effective evidence which can be used to uncover the
truth.
For more information, please visit http://www.nsiu.com/Home
Awesome Blog! You briefly describe the facts of insurance fraud. I was searching for private investigators in Dallas Texas and got your blog.
ReplyDeleteThanks for such a great blog.
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ReplyDelete