Fraud Impacts Everyone
Insurance fraud is one of the largest crimes in the U.S. It costs consumers at least $308.6 billion annually, according to the Coalition Against Insurance Fraud. These costs lead to higher insurance premiums for you and your family.
Beyond the financial impact, insurance fraud causes physical harm and destabilizes businesses. While some may view it as a victimless crime, the consequences are severe. Convicted fraudsters face jail time, significant fines, and a permanent criminal record.
Watch this three-part video series featuring Michelle Rafeld, executive director of the Coalition. She explains how insurance fraud works and how it affects your daily life.
Part 1 of 3 – A Glimpse Into The World Of Insurance Fraud
Part 2 of 3 – The Coalition’s Role In Fighting Insurance Fraud
Part 3 of 3 – Consumer Attitudes Are Changing