Prices of goods at your department or grocery store keep rising when businesses pass higher costs of their health and commercial insurance onto customers. Honest businesses lose money. Businesses lose millions in income annually because fraud increases their costs for employee health coverage and business insurance. Innocent people are killed and maimed. People and even animals also are murdered for life insurance money.
Employees lose jobs.
People lose jobs, careers and health coverage when insurance companies go bankrupt after being looted by fraud thieves. Insurance fraud occurs when people deceive an insurance company or agent to collect money to which they aren't entitled. Similarly, insurers and agents also can defraud consumers, or even each other. Someone deliberately fakes an accident, injury, theft, arson or other loss to collect money illegally from insurance companies. Crooks often act alone, but increasingly, organized crime rings stage large schemes that steal millions of dollars.