National Insurance Crime Bureau: 37% Increase In Questionable Claims Resulting from Duplicate Billing 2010-2011

According to an Insurance Information Institute (III) report and an National Insurance Crime Bureau (NICB) study, questionable claims arising out of duplication billing rose 37% from 2010 to 2011.  Also increasing over the same period were questionable claims arising out of excessive treatment which increased 24% over the same period.  Also noted in the III report:

The III reported in December 2011 that widespread criminal activity and abuse of the state’s no-fault auto insurance system would result in an additional $658 million “fraud tax” on auto insurance costs in 2011, a 7 percent increase from 2010. On a per-vehicle basis, the $658 million works out to $58 for every vehicle in Florida. Since 2009 no-fault fraud has cost the state’s drivers and insurers nearly $1.3 billion.

The full report is available here.

Filed under Uncategorized