NICB flags surge in identity theft driving insurance fraud losses

An NICB review of questionable claims filed between 2022 and mid-2025 found a sharp increase in identity-related fraud. Nearly a quarter of those cases involved synthetic identities, or fabricated personas built from a mix of real and fake data, such as Social Security numbers, names, emails and dates of birth. According to AARP, these schemes contributed to more than $47 billion in losses last year.

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