Insurance fraud is a lot more common than most people recognize. If you suspect that you’ve been the victim of insurance fraud, or if you’re a company looking to get to the bottom of a suspicious claim, we can help. Prairie Investigations are equipped to research your insurance fraud problem so that you get the answers you need to take appropriate action.
Insurance fraud investigation is the process of investigating and uncovering fraudulent activities related to insurance claims. Insurance fraud is a type of crime in which an individual or group of people intentionally deceive an insurance company for financial gain. Insurance fraud can take many forms, including faking an injury, exaggerating the severity of an injury, or intentionally causing damage to property to file a claim.
Insurance fraud investigation is conducted by insurance companies, private investigators, and law enforcement agencies. The investigation typically involves gathering evidence to determine if the claimant is telling the truth or has provided false or misleading information. Investigators may conduct interviews with witnesses, gather medical records and other documentation, and conduct surveillance to observe the claimant’s activities.
Insurance fraud investigations are important because insurance fraud can result in increased premiums for honest policyholders, decreased profits for insurance companies, and higher costs for society as a whole. Those who commit insurance fraud may face criminal charges, fines, and jail time, as well as civil penalties and the possibility of being denied insurance coverage in the future.