How Does All Investigative Services Investigate Insurance Fraud?
The total cost of insurance fraud (non-health insurance) is estimated to be more than $40 billion per year, according to the Federal Bureau of Investigations. That means insurance fraud costs the average U.S. family between $400 and $700 per year in the form of increased premiums.
There are many types of insurance fraud — including automobile insurance fraud, workers’ compensation claimant insurance fraud, workers’ compensation premium evasion insurance fraud, property insurance fraud, provider fraud and more. As investigators, we realize that insurance fraud has become a major problem in the United States. The people who commit insurance fraud are increasingly creative and our investigators at All Investigative are always increasing awareness on these tactics. While there are plenty of common scams out there -- like pretending you lost an expensive piece of jewelry, then filing a claim -- fraudsters also perpetrate scams by, say, staging accidents. Insurance companies and the public need to be keenly aware of these scams.
Just as there are different types of fraud and fraud-related crimes, there are also different types of fraud investigations. Insurance fraud investigations, for example, work to uncover those who have made false claims to get insurance money. On the other hand, workers’ compensation investigations are initiated to uncover employees who have attempted to falsely claim compensation for injuries that do not exist.
Fraud investigations can be challenging for several reasons. First, criminals are skilled in their craft and will make extra effort to conceal their crimes. Secondly, our investigators need to prove that fraud was intended in order for an investigation to be used in a legal case. Our qualified investigators will successfully complete these facets of a fraud investigation. Our investigators have over 30 years of training and education to complete an investigation successfully.
Before an investigation begins, our investigator works to gather all facts from the client. During an initial meeting, the person launching the investigation should explain why they suspect fraud has taken place. At this time, they may also hand over evidence to the investigator. This information will be used for further research. Surveillance, asset searches, background checks and other types of investigative methods may also be used to complete the investigation.
The investigators at All Investigative Services ensure that every case is pursued in a legal, ethical and professional manner.
Karin Murphy is an investigative reporter. Through her own experiences she took an interest in undercover & investigative work.