Who pays for insurance fraud?
You Do. Insurance fraud pushes up the cost of everything you buy and use. How? Consider the following scenario. Every company providing goods or services pays for insurance as a cost of doing business. As a result of insurance fraud the insurance company must raise rates. To cover the increased cost of insurance, the company must charge you more for goods and services. Bottom line insurance fraud makes everything more expensive for everybody. Insurance fraud is not simply a problem for insurance companies, it s a problem for all of us everybody loses and everybody pays. Our Role The Insurance Fraud Investigation Bureau confronts the problem of insurance fraud through the prevention, investigation, and prosecution of fraudulent insurance acts in an effort to reduce the amount of premium dollars used to pay fraudulent claims. In 2006 the Fraud Bureau received 381 fraud referrals from insurance companies, law enforcement agencies, and the public. The associated dollar amount with these re
