Some people will do anything for money. One dentist in Florida let his brothers chop off his finger with an axe in order to collect money from his homeowner policy. Another man's hoax was even more transparent.
Insurance fraud is now the number two crime in the country, second only to tax fraud.
If it were a legitimate business, insurance fraud would rank in the top 25 of Fortune 500 companies. As someone who would never attempt to file a fraudulent insurance claim, you may be tempted to brush aside the issue as one that doesn't concern you. But fraud is a problem that affects all of us by driving up the cost of insurance premiums. In response to this growing national dilemma, the insurance industry is taking active measure to put on end to dishonest claims. State legislatures have also cracked down on fraud by passing tougher laws against insurance crime and replacing small fines with felony prosecution and prison time.