Economics of insurance fraud

The economics of Insurance fraud in graphs I worked in the Insurance industry for many years. From time to time, we heard someone got caught doing something to defraud the company (usually auto insurance fraud). Since the penalty was pretty high I we would ask why would any rational person do it. If they were …

Insurance fraud

The following is a series of  facts and stories about insurance fraud.  It is a bit of a collection of stories from my life in the insurance world and what I have seen.  Many people are wondering what the penalty is for insurance crimes and what are the chances or getting caught. It is more …