Insurance fraud is defined as a deliberate deception perpetrated against an insurance company or agent for the purpose of receiving financial gain.
Management Resources has been conducting fraud investigations for over eight years. We assist insurance companies and work closely with their SIU investigators in identifying both soft fraud and hard fraud cases.
Automobile Insurance Fraud
- Staged Accidents
- Jump Ins
- Operator Cases
- Garaging Cases
- Theft
Workers Compensation Fraud
- Disability
- Liability
- Life Insurance
- Health Insurance
- Unemployment Insurance
Mortgage Fraud
- Borrower Interviews
- Employment Re-verification
- Property Inspections
- URLA Review
- Agent/Broker Fraud
Real Estate Fraud including Property Title Forensic Investigations
- Property Title Forensics (link to Pursuit Magazine, January 2010 - http://pursuitmag.com/property-title-forensics)
- Liens and Judgments
- Property Transfers
- Tax Assessor's Records
- Additional Properties
- Patterns of Activities, Relationships and Finances
- Document Intelligence
- Mortgage Patterns
- Property Conveyance
"The total cost of insurance fraud (non-health insurance) is estimated to be more than $40 billion per year. That means Insurance Fraud costs the average U.S. family between $400 and $700 per year in the form of increased premiums." Business Insurance Guide
During Hurricane Katrina, "of the $80 billion in government funding appropriated for reconstruction, it is estimated that Insurance Fraud may have accounted for as much as $6 billion."
According to the FBI, the number of mortgage fraud cases rose from 1,210 in fiscal year 2007 to approximately 1,800 in fiscal 2008 and is showing no signs of declining.