What Is Insurance Fraud?
According to the FBI, insurance fraud costs U.S. citizens over $40 billion in increased premiums every year, and this amount does not account for medical insurance. The sum is huge, and taking this into consideration, the federal and state law enforcement authorities take action in order to combat related crimes. Let’s dive into the topic. Our insurance fraud attorneys will explain what common types of fraud are and why people commit it, what consequences it might have and what penalties an accusee might face if found guilty of the crime.