Fraud = Higher Premiums.

 
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WASHINGTON, D.C. -- Dennis Jay, executive director of the Coalition Against Insurance Fraud, responding to the release by the Research Council of survey results and public attitudes toward insurance fraud, such as padding of claims, said the fraud process "causes higher premiums and weakens the integrity of the insurance system in the U.S."

Jay said: "Insurance fraud results in higher insurance premiums which encourage even more people to commit fraud. Insurance companies as well as consumers have a responsibility and an interest in stopping this unending spiral. Insurers must examine their internal operations to ensure that they aren't unwittingly encouraging fraud. The industry also should...

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