Insurance Fraud affects all Michigan residents
Did you know?
- It is estimated that one out of every 10 auto claims is fraudulent. In Michigan, that translates into about $400 million annually.
- One in six people in Michigan say they know someone who has committed insurance fraud.
- Insurance fraud is estimated to cost Michigan residents at least $100 per person a year.
- The National Insurance Crime Bureau (NICB) reports that questionable auto insurance claims have risen in Michigan over the last five years by 200%.
- Insurance Fraud is a felony. Unfortunately, local law enforcement do not have the resources to convict these crimes.
- There is a solution. Michigan House Bill 5701 would provide resources to law enforcement to combat this costly crime.
For more information, visit the Insurance Institute of Michigan website.