InsuranceFraud.org

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On the radar

The Coalition Against Insurance Fraud is actively addressing a range of emerging and persistent insurance fraud threats across the United States. With annual losses from insurance fraud estimated at over $308 billion, the Coalition is focusing on several key areas: advocating for stronger legislation, such as supporting greater controls around predatory towing practices, and addressing challenges in workers’ compensation fraud, particularly affecting small businesses. Additionally, the Coalition is intensifying efforts to combat scams targeting seniors, including those involving AI-generated deepfake voices used in grandparent scams. Through these initiatives, the Coalition continues to play a pivotal role in safeguarding the integrity of the insurance industry and protecting consumers nationwide.​

Fraud Stats

Stats reveal fraud trends. How big is fraud? … How much damage … Progress we’re making β€” or not … What scams are happening, and why. Find the fraud facts β€” across all lines of insurance.

The most recent report shows that $308.6B is stolen every year

Did you know that $308.6B can…
β€’ Stretch to the moon and back 16 times!
β€’ Purchase approx. 771, 500 homes!
β€’ Fund approx. 3,086,000 four-year college degrees!
β€’ Cost approx. $932.63 per person each year!
β€’ Cost approx. $3,750.52 per family each year!
β€’ Buy 81 billion school lunches!

3 of 4 insurance companies are convinced that insurance fraud is growing

Nearly three out of four insurance companies report that fraud is increasing or remaining steady, underscoring a growing concern within the industry. In response, the Coalition Against Insurance Fraudβ€”a national alliance of over 300 organizations, including insurers, consumer groups, and government agenciesβ€”is intensifying its efforts to combat this pervasive issue. Through collaboration, research, and public education, the Coalition aims to protect consumers and reduce the financial impact of fraudulent activities.

4 of 5 consumers are concerned

A significant majority of consumers express concern about insurance fraud and its detrimental effects on both the economy and individuals. This widespread apprehension underscores public awareness of the financial burden that fraudulent activities impose, including increased premiums and eroded trust in the insurance system. In response, the Coalition Against Insurance Fraud is actively collaborating with its diverse stakeholders to foster a more secure and trustworthy environment for all. By uniting these groups, the Coalition aims to effectively combat the ever-evolving landscape of insurance fraud.

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Upcoming Event

Coalition Midyear Meeting