Insurance Frauds are committed when someone willfully makes a false statement to acquire a benefit or advantage to which they are not otherwise entitled or when someone willfully withholds a benefit to which they are legally entitled.
More than 7,000 different businesses make up the insurance sector, bringing in annual premium revenue of over one trillion dollars. Because it offers more chances and larger incentives for engaging in illicit activities, the huge size of the sector is a significant contributor to the high cost of insurance fraud.
Scams can be complex and hard to fix. If you suspect that you have been scammed, the best way to fix the problem is to get expert help because you will need advice on legal and procedural matters.
