Thursday, 29 September 2022 | The Latest Buzz for the Appraisal Industry

Fraud Caused Up to $9B in Additional Claims Last Year

According to a new report from the National Insurance Crime Bureau (NICB), fraudulent claims cost insurers between $4.6-9.2 billion in extra disaster claims in 2021, a cost that is eventually passed down to consumers by way of insurance premiums.  In preparation for NICB’s Contractor Fraud Awareness Week (May 23-27), the company is releasing a slew …

The post Fraud Caused Up to $9B in Additional Claims Last Year appeared first on DSNews.

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