Are the huge insurance companies tied to frauds?

Question

ING, Lloyd, Generalli, etc.....

Answer 1

No, they have a decent profit margin built into their pricing structure. No need to commit fraud. Besides, insurance companies have spent tons of money creating an infrastructure to identify fraud.

Answer 2

No.  They have a great team to detect fraud.  That being said, for the last 30 some odd years, many of the big insurance companies have banded together to try to squash one.  They have only succeed by reducing their numbers from over 2000 different companies to less than 100.  And that 1 grows every month faster than most grow in a year.