Insurance Fraud Still Making a Big Impact on rates

A recent article in the National Underwriter, brought to my attention how big insurance fraud is in this country. The article estimatedthe costs at roughly 25 billion dollars. This is big money. The bad part about insurance fraud is it trickles down from the insurance companies to small business owners like yourself in the form of higher rates. In this months Special Insurance Bulletin newsletter, I write about some of the techniques insurance companies are using to fight insurance fraud. Also I give a few idease to business owners on what they can do to fight insurance fraud. Any way you cut it, if the industry can't find a way to control fraud, then business owners will have to pay larger premiums than they should for a long time. K

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