Fraudbuster Helps Keep Insurance Costs Low

The National Insurance Crime Bureau, a nonprofit group founded by the insurance industry, estimates that insurance fraud costs Americans about $30 billion a year. This equates to $300 in higher insurance premiums for the average household.

“It’s very worthwhile to everybody,” Gajda said. “It helps everybody. It saves money.”
She admitted that devoting her life to investigating insurance scams can make her cynical, especially when fraud is so prevalent. Insurance industry studies indicate that at least 10 percent of claims are fraudulent, she said.