Is the Fight Against Insurance Fraud Being Lost?  

Fraud is taking more money every year from the insurance buying public. Insurers complain that the local district attorneys and police agencies give a low priority to the crime. Police and prosecutors complain that the insurer does nothing to defeat the crime. It is time that insurers, police and prosecutors stop complaining and do the work necessary to defeat this metastasizing crime before its growth eats away any chance insurers – and their shareholders – have of making a profit. Insurers have good reason to complain. They are universally ignored by police agencies when they report the crime. When insurance criminals are caught in the act they are seldom arrested, even less often prosecuted and almost never punished. Police and prosecutors have good reason to complain because insurers are not equipped to perform an adequate criminal investigation. If prosecution is to be successful it is necessary that insurers, prosecutors and police agencies work together as a team dedicated to defeat insurance fraud.

 

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