Insurance Fraud

Last updated: February 4, 2016

Insurance Fraud Is a Big Deal

Insurance fraud is one of the most costly white-collar crimes in America. It is second only to tax evasion. It affects every citizen of our state in an immediate and substantial way.

Here is a comparison. Shoplifting costs the retail industry approximately $13 billion each year. Insurance fraud is estimated to cost $100 billion!
  • In both instances, the crimes translate into higher costs for everyone. Insurance researchers estimate that every U.S. household pays $200 to $300 a year in higher premiums to offset fraudulent claims.