An aging population combined with increased usage of long-term care insurance means more opportunity for misuse of funds and fraud, waste and abuse. That was the word from Jeff Ferrand, vice president ...
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Experts say SC’s disproportionately high insurance fraud rate costs all South Carolinians
COLUMBIA, S.C. (WCSC) - A national study found insurance fraud costs Americans more than $300 billion every year. And experts warn everyone’s premiums are going up because of it. A new committee ...
New research reveals that insurance fraud has seen the largest percentage increase of any sector over the past seven years, growing by a staggering 211% since 2017. Plastic card fraud remains the most ...
Financial fraud loss is on the rise. In 2024, 40% of financial institutions saw an increase in fraud-related losses compared to 2023. The cost of fraud loss for financial institutions goes beyond ...
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