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Accident reconstruction research RESEARCH LINKS
Public Support Growing for Combating Auto Insurance Fraud Insurance fraud continues to be a major factor in insurance costs for the public. An estimated $18 billion is stolen annually from property and casualty insurers, with the problem continuing to escalate. Until recently, a unified approach in combating the problem of insurance fraud was lacking. A new organization, The Coalition Against Insurance Fraud, was established in early 1993 joining together for the first time consumer advocates, regulators, law enforcement officials and insurance officials to combat insurance crime. A Public Attitude Monitor survey by the Insurance Research Council developed some disturbing information about insurance fraud. There are many common types of insurance fraud, and many are considered acceptable by an unusually high percentage of the public. Here are just a few types of common insurance fraud and the percentage of respondents who considered this type of act acceptable:
Only through education will insurance consumers understand that fraud costs them in the end by forcing rates up. The joining of the insurance industry and consumer groups is particularly significant. By having this coalition of consumers, law enforcement officials and insurance regulators and companies all working together, the effort to inform the consumer will have much more credibility with the public. All are victims of insurance fraud, and the joining together of these groups can help present this growing problem to the public.
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ARC NETWORK QUICK LINKS
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