Today I’d like to take a look at the problem of insurance fraud and just how much it is costing each and every one of us.
What Is Insurance Fraud?
Insurance fraud is a violation of a civil law, which is a law that governs a dispute between private parties, as opposed to involving a government agency. Black’s Law Dictionary, 6th ed., defines fraud as:
An intentional perversion of the truth for the purpose of inducing another in reliance upon it to part with some valuable thing belonging to him or to surrender a legal right; a false representation of a matter of fact, whether by words or by conduct, by false or misleading allegations or by concealment of that which should have been disclosed, which deceives and is intended to deceive another so that he shall act upon it to his legal injury. Read more