Insurance Fraud Lawyer
Crime Attorneys can represent you in an insurance fraud case. Review our attorneys to see the level of experience we can bring to your case, and then contact us immediately.
Insurance fraud in the United States, which can be committed by claimants, providers, employees or insurers, is pervasive and expensive. The estimated cost to consumers, the insurance industry and governments in 1996 was an estimated $85.4 billion. Direct or indirect costs linked to insurance fraud amounted to more than $1,000 per American family.
Insurance fraud causes premiums to rise, decreasing consumer capital for other goods and services, and lowering our nation's standard of living. It forces businesses to reduce staff, restrict growth and possibly relocate because of high levels of fraud in their area. A high percentage of insurance company insolvencies are been linked to internal fraud, and they leave claimants in financial ruin. Insurance fraud is perceived by some to be a high-reward, low-risk crime.
States vary in their statutory efforts to fight insurance fraud. A total of 44 states currently define insurance fraud as a specific crime, and 37 states further define certain classifications of insurance fraud as a felony.
The three major categories of fraud are claims fraud, applications fraud, and fraud committed by employees in the insurance industry including agents, adjusters, brokers or persons claiming to be in the business of insurance. Strict enforcement of insurance fraud law will help restrain prices and keep the insurance system financially solid.
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