Despite common belief, insurance companies approve most workers' compensation claims, at least initially. Yet, the insurance company can deny the claim later on for various reasons if the insurance carrier is aware of possible later basis for denial and accepts the...
Defending New York State Insurers And Employers
Since 1967
Year: 2023
The countless consequences of workers’ comp fraud
Workers' compensation, also known as workers' comp, is a government program that provides much-needed benefits for employees who suffer injuries or illnesses due to the tasks they are performing. They receive money, healthcare benefits, or both. As with any government...
How businesses can fight workers’ comp fraud
As we have said in the past, worker’s compensation fraud costs the insurance industry and its clients $30 billion a year. It is not a victimless crime. Instead, workers who try to game the system contribute to the rising costs for all employers. Whether claim-related...
Insurance fraud often involves these groups
In the past, we've discussed that insurance fraud costs worker's compensation programs $30 billion annually in the U.S. However, the National Association of Insurance Commissioners now puts that number even higher at $34 billion ($9 billion from premium fraud; $25...