Study: Dodgy Employers Drive Three-Quarters of $34B in Annual Comp Fraud

The Coalition Against Insurance Fraud in a report released Thursday estimated there’s about $34 billion in workers’ compensation fraud happening each year, with bogus claims accounting for about $9 billion and premium fraud accounting for the remaining $25 billion. The report is a product of 15 months of meetings among a coalition task force charged with estimating the annual cost of comp fraud in the country and identifying strategies to reduce illicit behavior. Members of the task force reviewed recent and past studies, including those on the underground economy and payroll fra...