Insurance Fraud Among Most Costly Crimes Across America

Insurance fraud has been proven to be the second most costly crime taking place across the country, and it’s a crime that affects companies and consumers alike.

The statistics are staggering. In the United States, $80 billion per year is lost to insurance fraud. This cost directly affects consumers. According to the Coalition Against Insurance Fraud, these cases are getting more and more diverse, and they leave a major impact on the insurance organizations involved.

Insurance fraud comes in various forms, including identify theft, claims, employee-agent, and hacking. Most states have laws dealing specifically with insurance fraud, and that’s what NSIU helps with - untangling webs of insurance fraud and helping stop the loss of funds.