Insurance Fraud Affects Everyone
By Mississippi Insurance Commissioner Mike Chaney Insurance fraud is not a victimless crime. It's been around for as long as insurance, and it costs businesses billions of dollars each year - an expense that is passed on to consumers in the form of higher premiums. Although the overwhelming majority of insurance agents and companies are honest and reputable, there are some bad actors. My office deals with common scenarios, including scammers offering fake policies at costs that are...