We are one of the best insurance and financial fraud investigators Dallas. An insurance fraud can take many forms these days. It is not just restricted to bad consumers who hurt a huge insurance company. Insurance fraud might include organized crime rings crashing cars and lost paperwork or falsely denied payouts by insurance companies. To top it off, it can also simply include someone overestimating the value of his asset and lastly contractors over-billing. Making the whole system more costly and increasing premiums for consumers is the aim behind an insurance fraud. This is where skilled insurance and financial fraud investigators Dallas come in.
Following are a few things that you should know about insurance fraud investigation. These involve the methods applied, trends studied and tactics used.
1. Insurance Fraud is more common than you think
The very first thing that you need to clear in your head that it is a more common act than you thought. Your mind thinks of it as an uncommon problem because it thinks of all insurance frauds as “hard” ones. A hard insurance fraud is crashing a car or burning down a building on-purpose. This is because the very source of the claim is a manufactured one. However, when we talk about soft insurance fraud, it is much more common. This is due to the reason that it consists of an act of inflating the value of a legitimate claim. A fraud of this kind takes up a major amount of time of an insurance fraud investigator.
2. Data analysis can help but it will not prove the fraud
Another thing to keep in mind is that data analysis through computer forensics and data recovery East Texas will flag cases, but would not prove fraud. The job of flagging potential fraudulent claims becomes easier with machine learning and statistical analysis when it comes to general, medical, and automotive insurers. However, the process of really investigating an insurance fraud has to come under specialized professionals such as private investigators. There are a variety of computer forensic tactics that might be employed by an insurance investigator at the time of a potentially fraudulent claim. From advanced web research to old school stakeouts, the private investigators can use anything to gather evidence in order to bring a legal action against a claimant or to justify denying a claim.
We have lots more on the subject to share with you. To increase your knowledge on the same, hop on to our next blog. As a private investigative firm, we also deal with computer forensics and data recovery East Texas.
1. Insurance Fraud is more common than you think
The very first thing that you need to clear in your head that it is a more common act than you thought. Your mind thinks of it as an uncommon problem because it thinks of all insurance frauds as “hard” ones. A hard insurance fraud is crashing a car or burning down a building on-purpose. This is because the very source of the claim is a manufactured one. However, when we talk about soft insurance fraud, it is much more common. This is due to the reason that it consists of an act of inflating the value of a legitimate claim. A fraud of this kind takes up a major amount of time of an insurance fraud investigator.
2. Data analysis can help but it will not prove the fraud
Another thing to keep in mind is that data analysis through computer forensics and data recovery East Texas will flag cases, but would not prove fraud. The job of flagging potential fraudulent claims becomes easier with machine learning and statistical analysis when it comes to general, medical, and automotive insurers. However, the process of really investigating an insurance fraud has to come under specialized professionals such as private investigators. There are a variety of computer forensic tactics that might be employed by an insurance investigator at the time of a potentially fraudulent claim. From advanced web research to old school stakeouts, the private investigators can use anything to gather evidence in order to bring a legal action against a claimant or to justify denying a claim.
We have lots more on the subject to share with you. To increase your knowledge on the same, hop on to our next blog. As a private investigative firm, we also deal with computer forensics and data recovery East Texas.
