Category: insurance fraud
Insurance Fraud Stats for 2022
Insurance Fraud Statistics – Alarming Facts and Figures A recent survey of 420 insurers found that there has been growing suspicion of fraudulent claims. These findings are no surprise, primarily due to the advancement of digital processes, which have created more opportunities for fraudsters. Today, Americans lose approximately $80 billion annually to insurance scams, according […]
How Often do Insurance Companies use Private Investigators?
What’s The Role of a Private Investigator for Insurance Companies? Insurance fraud is common in the U.S. Every year, $40 billion is lost through insurance fraud. Both the policyholder and the insurance company can commit this fraud. But most of the time, it’s the policyholders who commit it. That’s where insurance private investigators come in. […]
Is Evidence Gathered from a Private Investigator Admissible in Court?
Can Evidence Collected by a Private Investigator Apply in Court? From business fraud to background checks, a private investigator can help unearth facts that might expedite justice in any legal proceeding. Typically, the public always perceives PIs as courageous individuals who act with integrity in the confines of the state regulations. While many people are […]
Guide to Insurance Fraud Investigations in Florida
Insurance Fraud Investigations: Everything You Need to Know Insurance fraud is a menace in the United States. This issue is so prevalent that 41 states have designed special bureaus to investigate fraudulent insurance claims and other illegal activities. Understanding insurance fraud and its repercussions is crucial—regardless of whether you work for an insurance company or […]