- Insurance fraud occurs when anyone tries to make money from insurance transactions by deception.
- Insurance fraud is the second most costly white-collar crime in the U.S., behind tax evasion. (1)
- Insurance fraud costs the average Virginia household $1,000 a year. (2)
- Nationwide, insurance fraud robs us of nearly $80 billion a year. (3)
- 1 out of 6 Virginians claim they know someone who has received workers’ compensation for an injury that did not occur on the job. (4)
- More than 1 of every 3 bodily-injury claims from car crashes involve fraud. (5)
- Arson and suspected arson account for nearly 500,000 fires a year, or 1 of every 4 fires in the U.S. (6)
1, 2, 3 - Coalition Against Insurance Fraud, 2001; 4 - IFD Statewide Survey on Insurance Fraud by SIR, 2000; 5 - Insurance Research Council – 1996; 6 - National Fire Protection Association, 1998