Fraud of the Week All States Unknown amount

Fraud costs the industry billions each year; the Coalition against Insurance Fraud warns against a number of possible frauds that may arise during the coronavirus pandemic. One is fake coronavirus insurance, where scammers may try to sell inexpensive coronavirus insurance or health policies with provisions to provide coverage for coronavirus treatment. Another is bogus calls claiming that a person's health insurance has been cancelled, with a number given for the person to call, or a link to click that installs malware on the person's computer. Bogus tests and treatments are also very likely, especially since tests are in short supply. Special virus kits targeted to seniors are also possible, with scammers asking for Medicare or social security numbers, and then using that information to steal the person's identity. Travel insurance is yet another area where fraud is possible, where fraudsters may try to sell policies providing coverage for coronavirus trip cancellations.