Nev. Fraud Unit Reports Increase in Insurance Company Suspicious Fraudulent Claim Reports

May 18, 2004

Nevada’s Insurance Fraud Unit recently released its numbers for reported fraud activity, noting it received 395 new complaints of suspicious fraudulent claims from insurance companies (referrals) in fiscal year (FY) 2001, a 41.6 percent increase over FY 2000.

The screening, reviewing, and/or investigation of 336 referrals led to their closure in FY 2001. In FY 2002, the IFU received 328 referrals of suspicious claims and closed 330 referrals after their review and/or investigation. In FY 2003, the IFU received a record 412 referrals of suspicious claims, a 26 percent increase over fiscal 2002, and closed 318 referrals after reviewing and/or investigating said claims.

The IFU reported it has so far received 369 referrals thus far in FY 2004 and closed 471 matters. The IFU added it currently has 232
referrals open pending review and screening.

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