Search results
Results from the WOW.Com Content Network
As insurance fraud may not be detected, it is difficult to accurately estimate its total cost to society. [4] Among organizations that have estimated its cost, the Coalition Against Insurance Fraud estimates that in 2006 a total of about $80 billion was lost in the United States due to insurance fraud. [8]
Application fraud: Misrepresenting details on your life insurance application, whether intentionally or not, is another common type of fraud. This could involve omitting health conditions or other ...
Bayesian learning neural network is implemented for credit card fraud detection, telecommunications fraud, auto claim fraud detection, and medical insurance fraud. [ 13 ] Hybrid knowledge/statistical-based systems, where expert knowledge is integrated with statistical power, use a series of data mining techniques for the purpose of detecting ...
The National Insurance Crime Bureau (NICB) is a U.S. insurance industry trade association focused on preventing, detecting and defeating insurance fraud and vehicle theft through information analysis, investigations, training, legislative advocacy and public awareness. [2] NICB's headquarters are in Oak Brook, Illinois.
The number of fraudulent motor insurance applications being detected has jumped by 16% since last year, according to data from a major insurer.
Insurance fraud can take on many forms, from misrepresenting personal details on insurance applications to strategically planned schemes, such as staged accidents. Fraud can even include leaving a ...
The Coalition Against Insurance Fraud is a coalition of insurance organizations, consumers, government agencies [1] and legislative bodies in the United States working to enact anti-fraud legislation, educate the public, and provide anti-fraud advice. [2]
The Insurance and Financial Advisor, a Web site that covers the news of the insurance industry, reported that Daniel Macken, of Wrigleyville, Illinois, is under arrest, charged with the felony of ...