You do. If an insurance company is swindled out of money, those added costs are ultimately passed on to consumers.
The insurance industry estimates that approximately $80 billion is stolen each year as a result of insurance fraud. Most American families spend thousands of dollars per year on insurance premiums and the FBI estimates that those premiums are increased $400 - $700 annually, as a direct result of insurance fraud.
In response, the Insurance Fraud Unit helped to pass legislation, which will now make submitting false insurance applications or claims a Felony in Colorado.
If you believe you have witnessed, been victimized by insurance fraud, or wish to report suspicious activity, please file a report here.