Almost 50% of study participants believed that if they attempted to commit insurance fraud, they would be caught. Almost 50% of study participants believed that if they attempted to commit insurance fraud, they would be caught. Photo: Fotolia

Insurance fraud costs a staggering $308.6 billion annually, an expense borne by insurers and policyholders alike, and consumer beliefs surrounding how acceptable insurance fraud is may or may not be changing.

A new study, “Who Me? Who Commits Insurance Fraud and Why,” conducted by Dynata in conjunction with the Coalition Against Insurance Fraud and Verisk, involved responses from more than 1,500 consumers who were asked about their views on insurance fraud.

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Patricia L. Harman

Patricia L. Harman is the editor-in-chief of Claims magazine, a contributing editor to PropertyCasualty360.com, and chairs the annual America's Claims Event (ACE), which focuses on providing claims professionals with cutting-edge education and networking opportunities. She covers auto, property & casualty, workers' compensation, fraud, risk and cybersecurity, and is a frequent speaker at insurance industry events. Contact her at [email protected]

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