Fraud has long been a significant problem for the insuranceindustry — actually since the very beginning of insuranceat Lloyd's coffee house.

The CoalitionAgainst Insurance Fraud indicates that 5-10 percent of claimscosts are related to fraud, with over 30 percent of insurersreporting as much as 20 percent of claims costs being related tofraud.

Fraud is a lucrative business for fraudsters, and perpetrating fraud becomes more creative everyday. I'm pretty certain that most heads of SpecialInvestigations Units (SIU) feel that "fraudster" should be a jobcategory within the Department of Labor … the focus on committingfraud is so relentless by some, it is almost a profession!

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