Insurance Fraud, How Bad is it Really?

Source: www.easylifecover.ie

Highlights

  • The annual cost of insurance fraud in the USA is an estimated minimum of $80 billion.
  • Fraud accounts for 10% of the property / casualty insurance industry’s annual incurred losses and loss adjustment expenses.
  • The FBI says that healthcare fraud is an estimated 3% to 10% of total healthcare expenditure in the USA.

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The-World-of-Insurance-Fraud-Infographic