Premium Fraud Investigations
Premium fraud is the most common type of insurance fraud.
Between 5 to 10 percent of insurance claims in the United States and Canada are fraudulent, which has resulted in a cost of $80 billion every year.
Premium fraud happens in multiple ways. It could be a claimant seeking to get compensation for a false or inflated claim. Or it could be an insurance agent using premium diversion, fee churning, or asset diversion, to embezzle premiums, refuse payouts on claims, or steal insurance company assets. To combat fraud, SLI offers a comprehensive investigation service that digs deep into records and paper trails to uncover fraudulent activity.