Insurance Article

Insurance Fraud

Insurance fraud refers to any act committed with an intention to defraud an insurance process. It occurs when a claimant attempts to obtain some benefit or advantage they are not entitled to, or when an insurer knowingly denies some benefit that is due. The main reason people commit insurance fraud is for financial gain. It may be committed by applicants of a policy, policyholders, claimants, service providers, agents, brokers and insurance company employees.