A new survey shows that it’s totally cool to exaggerate the damages on an insurance claim or, like, totally awesome to say you hurt yourself at work when you didn’t. Approximately.
According to the new survey of insurance consumers by Verisk Analytics Inc. and the Coalition Against Insurance Fraud, Americans 45 and younger are more tolerant of insurance fraud and “envious” of those who commit it.
The study, which collected more than 1,500 responses from a group of insurance consumers, analyzed how Americans view insurance fraud and crime, and delves into the psychology of insurance fraud to understand the motives and justifications for the crime.
Matthew Smith, executive director of the Coalition Against Insurance Fraud, said in a statement that “it is marginally reassuring that 84% of Americans surveyed believe insurance fraud is a crime”; but that the “16% who do not believe it is a crime potentially representing more than 53 million Americans.”
The study found that 87% to 96% of older respondents believe insurance fraud is a crime, while only 75% of those under 45 believe it is a crime, with the percentage skewing downward by age to just 64% for the youngest group.
When it comes to claims, more than 36% of all Americans believe it is acceptable to file an inflated injury claim, and over 30% of 25- to 34-year-olds “would definitely” file a fraudulent injury claim, the study found.
Overall, 27% of those 18-24 would commit insurance fraud, compared to less than 10% of those 45 and older, and over a quarter of those 18-34 are “motivated” to commit insurance fraud compared to less than 7% of those over 45.