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Fraudulent claims cost insurers $189 million

Posted On: Jun. 24, 2019 5:57 AM CST

A report by the Brazilian insurance confederation found that fraudulent claims cost insurers more than 723 million Brazilian real ($189 million) in 2018, reported. The value of suspicious claims totaled BRL 5 billion or nearly 16% of overall claims. Total claims amounted to nearly BRL 33 billion in 2018.

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