It has been said that if insurance fraud were a business, it would rank among the Fortune 500 companies.
Insurance fraud can be anything from exaggerated losses to fabricated claims to organized rings whose webs can entangle several insurance companies across geographic borders. Good customers are penalized, since fraudulent claims contribute to an increase in all premiums.
Our position on fraud is explicit: We will not pay a fraudulent claim. In fact, we will spare no expense when fighting fraud. We believe fighting fraud is a responsibility we owe our policyholders, our agents and brokers, our shareholders, our employees and the communities where we do business.