Andrea C Rock

April 16, 2016 | The Legal Intelligencer

Talk to any business owner and they will tell you that consumer spending power is down and insurance costs have gone up. According to the FBI Insurance Fraud Division, the estimated cost of insurance fraud that is not health insurance-related is approximately $40 billion per year. The impact on the individual consumer is $400 to $700 per year in the form of increased premiums. Ask your average American family or small business owner if they could use that extra money in their bank account, and the answer would be a unanimous, "yes."

By Andrea C. Rock and Raphael M. Duran

12 minute read