Florida Underwriter May 2011
By John Swedo
Fraud continues to be a widespread problem in the property and casualty insurance industry, costing carriers and self-insureds billions of dollars a year. Numerous studies show that 10 percent of property and casualty claims and 36 percent of bodily injury claims involve fraud or inflation of otherwise legitimate claims. Workers’ compensation fraud has been a particularly troublesome area for the industry, costing insurers and employers about $6 billion a year, according to the Coalition Against Insurance Fraud (CAIF). read more..
By John Swedo
Fraud continues to be a widespread problem in the property and casualty insurance industry, costing carriers and self-insureds billions of dollars a year. Numerous studies show that 10 percent of property and casualty claims and 36 percent of bodily injury claims involve fraud or inflation of otherwise legitimate claims. Workers’ compensation fraud has been a particularly troublesome area for the industry, costing insurers and employers about $6 billion a year, according to the Coalition Against Insurance Fraud (CAIF). read more..
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