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P&C Insurance Fraud Escalates

Questionable claims numbers and fraud costs expected to grow through 2016.

Justin Stephani of the Insurance Networking News reports:  As the industry attempts to keep up with the growth in insurance fraud and deploy more effective anti-fraud technologies, spending by U.S. P&C carriers on fraud solutions, split roughly evenly between analytics and scoring products and services, is projected to grow by 44 percent between 2011 and 2016, according to a new study on fraud.

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