Fraudulent claims can have a monumental financial impact, with the FBI estimating non-health insurance fraud costs over $40 billion per year. (Credit: BillionPhotos.com/ stock.adobe.com) Fraudulent claims can have a monumental financial impact, with the FBI estimating non-health insurance fraud costs over $40 billion per year. (Credit: BillionPhotos.com/ stock.adobe.com)

The Coalition Against Insurance Fraud recently released their Globalization of Insurance Fraud Study, which found that many insurance organizations may not be prepared to deal with the growing threat of global fraud rings.

The study was conducted in partnership with IBM and Luxoft. Researchers surveyed fraud-fighting pros across 33 countries in North America, Europe, Asia, Africa and the Middle East in an attempt to understand how these experts are handling organized international fraud.

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Brittney Meredith-Miller

Brittney Meredith-Miller is assistant editor of PropertyCasualty360.com. She can be reached at [email protected]

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