It Pays to Keep Insurance Fraud in Check

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Re: Examples of fraud statistics?
  • 9/27/2015 7:24:02 PM
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If we really can't be sure, where does this 40% figure come from?

Re: More context, please
  • 9/27/2015 7:18:59 PM
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As we begin to trust more and more of our personal information to the cloud, and as technology becomes more integrated into our lives, the easier becomes for the layman to lift info. Time will only increase these numbers

Re: Examples of fraud statistics?
  • 4/27/2015 12:46:20 PM
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Thanks jruotolo - those are some interesting stats!

Re: Examples of fraud statistics?
  • 4/27/2015 11:27:16 AM
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The Coalition Aginast Insurance Fraud has compiled some statistics here

Re: Examples of fraud statistics?
  • 2/18/2015 7:18:55 PM
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@Robert how can they be certain it's 40% unless they actually uncover the fraud? If the one perpetrating the fraud gets away with it, then they wouldn't even know about it. 

Re: Examples of fraud statistics?
  • 2/17/2015 1:00:54 PM
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I don't know, Robert... this kind of thing is an easy go-to for a politician. We've heard similar claims around food stamps, welfare, healthcare services for immigrants, and the like. I'm not saying there isn't any fraud or no reason to be concerned about abuse or overspending. But I'd like to see these blowhards made more accountable for the made-up sounding figures they toss out to rile up their base.

Examples of fraud statistics?
  • 2/9/2015 2:08:57 PM
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This is a topic of great interest to me (my theory is that is we eliminate most of the fraud, then we won't have to raise rates/taxes/etc - we're already paying way more than we should have to!)

The NC governor's recent claim that "more than 40 percent of the costs associated with workers compensation claims filed by state employees were related to fraud and abuse". I know it's impossible to really put numbers on the amount of fraud that hasn't been caught yet, but wondering if anybody has any data/numbers on worker's comp claims & fraud?

http://www.wral.com/mccrory-s-workers-compensation-claim-questioned/14425853/

 

More context, please
  • 2/7/2015 12:09:06 PM
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Wow... so in aggregate, insurance fraud has basically increased more than 50% in the last two years. Does that mean that customers are getting more scammy? Or that the detection algorithms have been steadily improving?

Some additional context would be helpful in discerning the data.

By the numbers
  • 1/30/2015 11:08:20 AM
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l love to know the savings from fraud analytic software. Does anyone have  further insight?

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