What types of insurance fraud are most commonly encountered?

In Tennessee, the most common type of insurance fraud is automobile insurance fraud. This type of fraud includes false reporting of accidents, exaggerating the damage caused by an accident, or submitting false claims for injuries. Other forms of insurance fraud include health insurance fraud, which is the submission of false claims for medical treatment or goods, and life insurance fraud, which is the submission of false claims about the death of an insured person. Another type of insurance fraud seen in Tennessee is workers’ compensation fraud. This occurs when an employer or employee lies about the details of a workplace injury or illness to receive benefits from the insurance provider. Insurance providers must verify all claims before a person can receive benefits. Insurance fraud can also come in the form of policy fraud. This typically occurs when someone lies to an insurance company in order to receive a better rate or a lower premium. Claimants may lie about the value of their home, car, or other assets in order to pay a lower premium. Finally, insurance fraud can come in the form of identity theft. This type of fraud occurs when someone uses another person’s information to purchase an insurance policy without their knowledge or consent. This type of fraud can be difficult to catch and can result in the policy holder not receiving the benefits they are entitled to.

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What types of insurance fraud are most commonly encountered?

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