Insurance fraud is one of the most threatening crimes to the US economy. According to the F.B.I., the insurance industry generates over $1trillion in premiums each year, and according to the Coalition Against Insurance Fraud, (C.A.I.F.), the estimated cost for insurance fraud exceeds $80 billion a year. Moreover, the National Insurance Crime Bureau (N.I.C.B.), estimates the average American household’s insurance premium raises more than $300 a year due to the overwhelming cost passed over to consumers from insurance fraud.
Do you need a lawyer for insurance fraud?
Contact Fuerst Ittleman for insurance fraud defense.
Insurance fraud takes place when an act is committed to fraudulently receive payment from an insurer. The most common forms of insurance fraud in the United States are life insurance fraud, property insurance fraud, health care insurance fraud, and automobile insurance fraud.
Fuerst Ittleman is experienced in providing white collar criminal defense for clients that alleged to have committed insurance fraud, as well as for the following criminal offenses:
• Financial crimes
• Corporate fraud
• Health care fraud
• Mortgage fraud
• Identity theft
• Insurance fraud
• Telemarketing fraud
• Securities & Commodities fraud
• Asset forfeiture / Money laundering
One of the most prevalent forms of insurance fraud is health care fraud. According to the National Health Care Anti-Fraud Association (NHCAA), health care fraud is enticing to criminals because of the relative simplicity of the crime. In Florida, there have been reports from law enforcement agencies of drug cartels abandoning their illegal drug trafficking trade to engage in the safer and far more lucrative health care fraud schemes against Medicaid, Medicare and private health insurance companies.
Insurance fraud has become so common that insurance companies cannot afford to have employees investigate every claim for assurance of validity. Instead, many insurance companies use sophisticated software programs and computerized statistical analysis to determine which insurance claims to target for investigations. However, industry experts have claimed that automated methods of insurance claim analysis are not without fault and claim these tools should only be used to determine whether a further investigation for insurance fraud should be pursued.
If you are involved in an investigation for insurance fraud, contact an experienced insurance fraud defense lawyer at Fuerst Ittleman.
Do you need a lawyer for insurance fraud?
Contact Fuerst Ittleman for insurance fraud defense.
