Monday, March 23, 2015

Surveillance Investigations—Proving Insurance Fraud with Solid Proof

An estimated $80 billion is paid out in fraudulent insurance claims annually, according to the Coalition Against Insurance Fraud. The high rate of insurance fraud has made companies more cautious when paying claims. This is not only harmful for insurance companies, but to everyone who buys insurance as well. An investigation is initiated when there is a suspected fraud that is prompted by a suspicious case, such as if there is key information missing, or some statements don’t add up. If the result of the investigation reveals that there is indeed fraudulent activity taking place, the claimant could be facing serious penalties. Companies that sense as though an insurance fraud is being committed by an individual or two should hire a surveillance investigations service as soon as possible to prevent any further losses or damage.

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