Did you know insurance fraud is a billion-dollar industry that costs the U.S. billions of dollars every day? Millions of criminals bypass the law and falsely receive cash settlements from insurance companies every year.
To combat this rise of insurance fraud, insurance claims investigators get to work. They analyze and dig into the validity of insurance claims to protect their employers. Here’s how:
Research Existing Claims
If you ever filed a claim with an insurance company, an insurance claims investigator has reviewed it to ensure that fraud wasn’t present.
Social Media Analysis
Social media is a tool insurance claims investigators use to dissect fraudulent insurance claims. Whether the criminal has posted videos of themselves running after claiming a serious leg injury or bragging about their fraud in public posts, there are tons of amount of people who incriminate themselves every day on social media.
Pry Into Personal Information
Insurance companies are meticulous when awarding cash settlements to customers and the claims investigators are trusted to dig up any suspicious personal background information to determine if fraud has been committed by the claimant.
Partner with Private Investigators
When a suspicious individual warrants a further investigation, insurance claims investigators can employ a private investigator to help them with their case.
Insurance claims investigators are vital to insurance companies, and their success can save the country billions. If you’ve been injured and are contacted by an investigator, speak with an attorney before making any statements.