Insurance Fraud: An In-Depth Conversation

In the final episode of this four-part series, our panelists discuss various types of medical provider fraud and explore their complexities.

Tune in as Tim McGuire (Executive Vice President and Chief Claims Officer at Berkley Environmental), Lisa Schorfheide (Claims Services Director at Berkley Environmental), and Jennifer Clanton (Director: Special Investigations Unit at W.R. Berkley Corporation) break down the harmful effects of fraud on the healthcare industry.

Insurance Fraud: An In-Depth Conversation

In the third episode of this four-part series, our experts delve into real-world claims scenarios, providing firsthand experiences from their careers to help policyholders more effectively identify and understand potentially fraudulent activity.

Insurance Fraud: An In-Depth Conversation

Insurance fraud doesn’t discriminate, so it’s vital that both insurance companies and policyholders be equipped with the tools they need to spot the signs from a mile away. With the Verisk ISO ClaimSearch, the industry’s largest loss history database, insurance examiners can perform a holistic investigation to assess whether fraud is present within a given claims scenario.

Episode 1 of 4: "Insurance Fraud 101"

Insurance fraud impacts us all. It costs the industry nearly 308 billion dollars annually and makes up 10-18% of all claims. Ultimately, insurance fraud insurance fraud leads to higher premiums for our customers. So, it's important to fight the good fight by being aware and addressing the fraud head-on.

This week is International Fraud Awareness Week! Did you know that insurance fraud costs the U.S. $308.6 billion annually?*

At Berkley Environmental, we’re committed to combatting this widespread crime that places a significant financial burden on our society. Beyond the evident impact on honest policyholders through increased premiums, insurance fraud sets off a ripple effect, affecting the overall financial health of the insured population.