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The cost of insurance fraud is staggering with estimates ranging from $80 to 120 billion annually. Many insurance companies have started to take anti-fraud efforts more seriously in recent years, but why? Perhaps this is a result of better analysis to justify ROI or insurance executives are simply trying to hedge against what appears to be a growing threat. Whatever their motives, understand there are numerous reasons insurance companies should be taking a closer look at their special investigations unit (SIU), but more specifically, their overall fraud strategy.

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