Behind the Premiums: Unearthing the Hidden Costs of Insurance Scams

Insurance fraud, a hidden but significant menace, greatly impacts the U.S. economy and your wallet. As fraud cases rise, they inflict severe losses on insurers, inevitably leading to higher premiums for honest policyholders like you. To tackle this issue effectively, a strategic collaboration between government agencies, law enforcement, and insurance companies is essential for protecting our economy and the citizens.In today's episode of The Protectors Podcast, our hosts Mike and Mark are joined by Steve Bodge, a seasoned expert from Nationwide Insurance with over three decades of experience. Steve peels back the curtain on the world of insurance fraud, illuminating different types of scams, such as staged accidents and fraudulent medical claims. He will also share the broader implications of these deceptive practices on insurers, policyholders, and our economy. Whether you're an insurance professional, a vigilant citizen, or simply curious about financial crimes, this episode will offer crucial insights and emphasize the role we all play in curbing insurance fraud.GUEST CONTACT INFO:Steve Bodge Business Cell: 304-482-2223Steve Bodge Email: bodges@nationwide.comSteve Bodge Linkedin: https://www.linkedin.com/in/st....eve-bodge-cfe-cfci-c CONTACT INFO:IAFCI Website: https://iafci.org/Phone: 916-939-5000Advertising Opportunities and Guest Appearance: IAFCIProtectorspodcast@gmail.com