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Insurance premium fraud is big problem with little enforcement

posted by PInow Staff | July 21st, 2006
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Insurance industry experts differ on whether premium fraud is being addressed adequately on the enforcement side, but they do agree that it is a problem.

Few cases of premium fraud have been tracked and prosecuted, industry observers say.

Generally speaking, premium fraud occurs when companies withhold or falsify information to avoid paying higher premiums for insurance.



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