Insurance fraud is a billion dollar problem. The FBI estimates loss for life and causality insurers is $40 billion dollars a year and the cost to health insurers can be as high as $259 billion. Insurance fraud that is not health related is estimated to be more than $40 billion dollars a year. This costs the average family in the United States between $400 and $700 a year with increases premiums. All companies are at risk, regardless of their size. Larger companies are at greater risk and can greatly trim their bottom lines. Hiring an investigator can help these companies keep what’s theirs and enable them to do what is right for those that have legitimate claims.

Reasons to Hire an Fraud Insurance Investigator

1. Car accidents– Staging car accidents is a job for some people. The sophistication involved can make them very hard prove. It’s a crime many will attempt as sentences are usually low, with as little as community service. Many see it as a low risk crime that can be lucrative. Insurers are forced to pay out with innocent bystanders at risk as the crime occurs-innocent drivers will have to deal with increased premiums when they are blamed for the accident.
2. Stolen cars– When an insured car is stolen many times, the insured is involved. Owners may lie about their car being stolen and then destroy it to collect the insurance money. They can even hide it for a few months, collect the money and then have it “show-up” again. People will try this if their car needs repair and will use the insurance money to fix it.
3. Insurance billing fraud– This crime can take years and millions of dollars to prove-it shad to believe that medical professionals, who are esteemed and trusted, taking advantage of a community’s trust. Justice needs to be served in these situations.
4. Fake home fires– It takes a lot of organization to produce a fake home fire. These criminals are smart and take their time to execute these plans. They often get away with it for long periods of time before they are caught. These crimes can be stopped by hiring a fraud investigator.
5. Organized crime– Insurance fraud is a huge business for organized crime groups. These groups have their own resources and the people needed to pull off insurance schemes on a large scale. Crimes can come off as unrelated and the individuals insured see no inherent red flags. Many times, these crimes involve several countries. Intricate schemes can be worked through to put all the pieces together, so the bigger picture can be put in place by hiring an investigator.

Insurance Fraud Investigation & More in Greater Miami, Sunny Isles, Fort Lauderdale, Boca Raton, Weston, Plantation City & Miami Gardens Florida

These scams can all be difficult to prove. Insurance fraud investigators use technology and an analytical mind to spot these scams out. We look for suspicious activity and can gather the proof needed to dispute claims. With billions of dollars at stake, companies need to have excellent insurance fraud investigators at their disposal with resources. Contact Advanced Private Investigator & Security of Fort Lauderdale Florida to help your company win the war against insurance fraud.