Insurance Fraud Investigation 

Causes

According to Alfred Manes, former Professor of Insurance and Economic Research at Indiana University, the "chief motive in all insurance crimes is financial profit. Insurance contracts provide fraudsters with opportunities for exploitation. One reason that this opportunity arises is in the case of over-insurance, when the amount insured is greater than the actual value of the property insured. This condition can be very difficult to avoid, especially since an insurance provider might sometimes encourage it in order to obtain greater profits. This allows fraudsters to make profits by destroying their property because the payment they receive from their insurers is of greater value than the property they destroy.

Insurance companies are also susceptible to fraud because false insurance claims can be made to appear like ordinary claims. This allows fraudsters to file claims for damages that never occurred, and so obtain payment with little or no initial cost.

• Losses Due to Insurance Fraud
• Hard vs. Soft Fraud
• Types of Insurance Fraud
• Health insurance fraud
• Auto (or Motor) insurance fraud
• Staged collisions
• Exaggerated claims
• Health Care Insurance
• Automobile Insurance
• Property Insurance
• Detecting Insurance Fraud
• Insurance Fraud in US