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Insurance Fraud


Insurance fraud is one of the fastest growing scams.  It is determined that 5% to 15% of all claims are fraudulent.  This does not include claims that are exaggerated.

The average Workers Compensation claim alone accounts for $6,000 to $63,000 in benefits, medical, and administration costs.  The indirect cost to the employer for productivity loss, overtime, rehiring & retraining of replacement staff can be 3 to 5 times greater than costs to the insurer.

Phenix deals with all types of fraud each day.  While every case can be unique, we have developed a process to maximize results in fighting insurance fraud cases. Our process ensures we maximize your case results, while providing the most efficient investigation:

  • Fact Finding

  • Accident Site Review

  • Witness Interviews

  • Background Checks

  • Surveillance

  • Present Case Results

  • Interview Employee(s)

Did You Know?
Last year, $30 billion of fraudulent benefits was paid by insurers for Worker's Compensation benefits.

Contact us right now and let's talk confidentially about your specific situation. Reach a Senior Phenix Corporate Investigator at 800.980.9056.

 

 
 
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