Colorado House Bill Aims To Increase Insurance Fraud Fighting Fund

April 12, 2010

  • April 12, 2010 at 8:56 am
    Dennis Jay says:
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    You pose a good question. The Coalition Against Insurance Fraud conducts an annual study of state fraud bureaus and publishes a series of metrics, such as ratios of budget to caseload and budget to arrest. This provides some indication of efficiency. Budget woes in some states are causing some funds to be diverted to non-fraud areas, i.e. general fund.

  • April 12, 2010 at 1:55 am
    plymn says:
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    This reminds me of an issue that has bothered me for some time.

    Many states have assessments to fund fraud bureau, the operation of the insurance department, etc. Is anyone checking to ensure the money raised is being used efficiently? Or is it. “What the heck, if we need more, we can just assess the insurance companies more money.”?



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