The total cost of non-health insurance fraud is estimated to be more than $40 billion per year. Add to that the $300 billion lost to health care fraud and abuse and you have an epidemic that costs US citizens dearly.
Insurance fraud costs the average US family between $400 and $700 per year in the form of increased premiums and health care fraud can have a much higher human cost in terms of quality of care and mortality.
Understanding these lucrative crimes and the people who commit them is key to a successful insurance fraud investigation. Kelly Riddle, president and founder of Kelmar Global, and an investigator with more than 30 years of experience, discusses methods for conducting effective insurance fraud investigations.
- what constitutes insurance fraud
- how to identify it
- what investigators need to do to successfully prosecute insurance fraud cases
- actual insurance fraud cases
- methods for investigating automobile fraud, property fraud, health care fraud, worker’s compensation fraud, arson and homeowner’s fraud