fraudulent insurance practices

Fraudulent insurance practices involve intentionally providing false information, exaggerating claims, or misrepresenting facts to receive benefits or payments they’re not entitled to. This can include submitting fake or inflated claims, staged accidents, or lying about injuries or damages. Insurance fraud increases costs for everyone by raising premiums and can lead to legal penalties for those involved. It undermines the integrity of the insurance system, making it harder for honest policyholders to get fair treatment. Detecting and preventing such practices helps maintain a balanced and trustworthy insurance marketplace.