Insurance fraud is any act or omission with the purpose of illegally obtaining a property and casualty insurance benefit. This definition encompasses the full range of fraudulent acts, from completely fabricated claims, to inflation or padding of legitimate claims, to false statements on insurance applications, to internal fraud.
Looking to learn more?
At The Insurance Center, we want to empower you with knowledge about insurance. Check out our glossary for a listing of important insurance terminology to help you get started.