QUANTITATIVE METHODS FOR DETECTING FRAUDULENT AUTOMOBILE BODILY INJURY CLAIMS

Abstract

The paper provides new information with regard to the usefulness of the "red flag " indicators, quantifies the effectiveness of the standard investigative techniques, and explores the ability of companies to use additional investigative techniques in a cost effective manner. The paper refines the (ambiguous) depiction of fraud as used in prior studies and makes further progress in refining the spectrum of fraud definitions and quantifications.