Estimates reveal that insurance Fraud costs $80 billion per year--and that\'s just in the United States of America.
Michael Skiba examines why insurance Fraud is seen as a low-risk, high-reward offense and the toll.
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Weak preventative controls and paltry punishments make insurance Fraud particularly attractive to criminals, who often use it as their preferred vehicle for funding organized crime and terrorist activities.
That translates Into almost $1,000 annually per household.
Estimates reveal that insurance Fraud costs $80 billion per year--and that\'s just in the United States of America