According to the FBI report, insurance fraud costs over $40 billion per year. It means that the average cost of insurance fraud for a family in the US is around $400 to $700 yearly in the form of high premiums. Insurance frauds are usually committed by policyholders, applicants, and 3rd party claimants where they carry out […]
According to the Federal Trade Commission data, consumers reported a loss of over $3.8 billion in 2022 to investment scams. The FTC report shows that nearly 2.4 million consumers experienced fraud, the most common being online shopping and imposter scams. If you, too, suspect an employee of indulging in internal fraud or a spouse cheating on […]
Insurance fraud is any duplicitous act conducted with the intent of improper payment from the insurance policy provider. It is an ever-increasing crime costing companies billions of dollars each year and drives up premiums for honest policyholders. Unfortunately, many insurance companies can’t detect these frauds, resulting in hefty payouts. Furthermore, insurance frauds are different and can […]
Insurance fraud happens all the time, and it may appear that people get away with insurance fraud, including life insurance, Medicare/Medicaid, auto liability, disability, and workers compensation. J.P. Investigative Group works on insurance fraud cases all the time with very favorable results. While we’re on the topic of insurance fraud, here’s a handy website that provides a list […]
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