What is Insurance Fraud?
How Does it Impact You?
According to Wikipedia, insurance fraud is any act committed with the intent to obtain a fraudulent outcome from an insurance process. This may occur when a claimant attempts to obtain some benefit or advantage to which they are not otherwise entitled, or when an insurer knowingly denies some benefit that is due.
Learn more about how this costly crime affects you by clicking on the video below!
Should Upstate be concerned?
The fact is that insurance fraud occurs everywhere in the state and takes many different forms: workers compensation fraud; owner give-ups in the auto theft arena, arson and fraudulent theft claims in the homeowners arena all cost many millions of dollars in fraudulent claims. That, in turn, increases insurance premiums for all New Yorkers.
Hear NYAAIF Board Member, John Sargent, being interviewed by Deb Gordon of 1010 WINS, New York City.