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Article: Claim Fraud Slowing, But Some Raise Doubts.(Coalition Against Insurance Fraud report)
- Article from:
- National Underwriter Property & Casualty-Risk & Benefits Management
- Article date:
- January 4, 1999
- Author:
CopyrightCOPYRIGHT 1999 The National Underwriter Company. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The amount of claim chicanery in the country may have stabilized with the cost to consumers from such activity dropping, a national insurance antifraud group believes.
However, the report from the Washington-based Coalition Against Insurance Fraud is based on 1996 data and admittedly involves some guesswork.
Questioning the coalition report were a number of industry sources who said it was difficult to quantify fraud activity. Others said they had seen no decrease.
The coalition said it estimated claims fraud in 1996 to be $85.4 billion compared to $85.3 billion in 1995. However it put the out-of-pocket costs per family for insurance fraud as ...