An all-American solution for insurance fraud

Fraud in the insurance industry remains a significant problem in the United States. The Coalition Against Insurance Fraud estimates that fraudulent insurance claims cost at least $80 billion annually, resulting in increased premiums and higher costs for policyholders. The National Insurance Crime Bureau also reports that insurance fraud is one of the most costly crimes in the country, with auto insurance fraud being the most common type of insurance fraud. Despite efforts by the industry to combat fraud through technological advancements and increased vigilance, fraudulent activity continues to occur and remains a challenge for the insurance industry in the US.