News From Law.com
In the summer of 2022, the Coalition Against Insurance Fraud teamed with Colorado State University Global to study fraud in the U.S. and found that each year the country's consumers and businesses lose more than $308 billion as a result of insurance schemes. Previous estimates had pegged the annual cost of insurance fraud at $45 billion. According to Pranay Mittal, vice president of investigative services at Travelers, the insurance carrier thinks about its fight against fraud in three broad buckets of people, analytics and partnerships.
Property & Casualty
March 01, 2024, 12:26 AM