5 Of The Most Common Types Of Insurance Fraud
September 8, 2022 ⚊ 1 Min read ⚊ Views 196 ⚊ BUSINESS
The insurance industry is comprised of more than 7,000 companies that collect over $1 trillion in premiums each year. The total cost of insurance fraud (excluding health insurance) is estimated to be more than $40 billion per year. Insurance fraud costs the average U.S. family between $400 and $700 a year in the form of increased premiums. Here are some common types of insurance fraud:
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