INSURANCE FRAUD IS EPIDEMIC (C) November 14, 2023 by Barry Zalma Insurance fraud continually takes more money each year than it did the last from the insurance buying public. There is no certain number. No one knows the amount that is taken by insurance fraud because most attempts at insurance fraud succeed. Estimates of the extent of insurance fraud in the United States was estimated by the Coalition Against Insurance fraud to be $308 billion every year and that is a low estimate. Insurance fraud is a serious crime that bleeds the insurance industry sufficiently to have states compel insurers to create special investigative units (SIU’s). https://barryzalma.substack.com/publish/%%check...
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