What Is Insurance Fraud?

Posted on Mar. 9, 2022

Insurance fraud can involve individuals filing a bogus claim, giving false information to the insurance company, exaggerating damages, and falsifying evidence. As you would expect, insurance fraud jeopardizes the profitability of an insurance company and could make it difficult for an insurance company to sustain its risks, which is why insurance companies look at everything as potential fraud.

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What Is Insurance Fraud?

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