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Study: fraud adds $5.8b to legitimate claims.

Publication: Westchester County Business Journal
Publication Date: 24-JAN-05
Format: Online
Delivery: Immediate Online Access
Full Article Title: Study: fraud adds $5.8b to legitimate claims.(Banking And Finance)

Article Excerpt
Fraud and buildup added between $4.3 billion and $5.8 billion to auto injury settlements in 2002, which represents between 11 percent and 15 percent of all dollars paid for private passenger auto injury insurance claims in that year, according to a new report by the Insurance Research Council.

This estimate is somewhat lower than the amount discovered in a previous study of claims paid in 1992....

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