Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Life Health > Health Insurance

Minnesota May Get Insurance Fraud Unit

X
Your article was successfully shared with the contacts you provided.

NU Online News Service, April 16, 4:06 p.m. – Minnesota Gov. Jesse Venture, an Independent, has signed a bill, S.F. 3015, that could create an insurance fraud prevention unit at the Minnesota Department of Commerce.

The unit, which would have the ability to arrest suspects, would be responsible for investigating fraudulent claims against insurance companies.

But the legislature still has to enact a separate measure funding the unit before the Commerce Department can create it, according to Minnesota Commerce Commissioner Jim Bernstein.

Funding the unit makes sense, because insurance fraud of all types costs the average U.S. household about $200 per year, Bernstein says in a statement on the Minnesota department Web site.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.