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Tag: Fraud Mitigation

Six tools insurance companies are using to mitigate fraud

Homeowner insurance fraud occurs when someone knowingly submits a false, inflated or misleading claim on his or her homeowner's policy. This type of fraud may appear in various forms. According to the Coalition Against Insurance Fraud, about 10 percent of property insurance losses are the result of fraud. Therefore, this type of insurance fraud directly influences the premiums that all property owners pay. In fact,...