Uptick Seen in Insurance Fraud Costs

More than half of U.S. insurers surveyed expect rise in personal property, workers' compensation and auto insurance fraud losses.

INN Breaking News, October 4, 2012

Pat Speer

A sluggish economy is being blamed for the rising cost of insurance fraud. According to a new report, more than half of U.S. personal lines insurers expect to see an increase in the cost of fraud this year, notes the Property Casualty Insurers Association of American (PCI) and predictive analytics and decision making technology provider FICO, which released the results of their survey today.

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