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Insurance Fraud Investigations
Insurance fraud, specifically in the area of false property claims, is defined as an act committed by anyone who, knowingly and with intent, defrauds another person for gain. Fraudulent insurance acts include claims fraud and application fraud.
Insurance industry studies indicate 10 percent or more of property/casualty insurance claims are fraudulent. And fraud is the second most costly white-collar crime in America behind tax evasion.
-National Insurance Crime Bureau
At Maine PI Service, insurance fraud investigations are one of our core competencies. We work closely with insurance companies to assist in identifying those committing fraudulent insurance acts, as well as individuals who conspire or assist with the fraud.
Our team of specially trained investigators works with the legal staff and executives to process insurance fraud claims, and we will testify during trial about our discoveries.
Understanding the Cost of Insurance Fraud
The total cost of insurance fraud (non-health insurance) is estimated to be more than $40 billion per year. That means Insurance Fraud costs the average U.S. family between $400 and $700 per year in the form of increased premiums.
Source: Federal Bureau of Investigation. Reports and Publications. Insurance Fraud. www.fbi.gov. Retrieved on December 10, 2014. Read the full FBI Insurance Fraud Overview