Insurance Fraud Numbers

Posted October 2nd, 2012

According to the NICB, more than 10 percent of the insurance claims submitted each year are fraudulent, making insurance fraud the second
most costly white-collar crime in America after tax evasion.
Healthcare fraud costs U.S. insurers an estimated $80 billion a year and fraudulent property and casualty insurance claims cost an estimated
$30 billion.
Insurance fraud accounts for as much as 10 percent of insurance premiums and the average household spends $950 a year in
additional premiums to cover the cost of insurance fraud in America