'No Payment or Less'… Nearly 1,000 Cases of Fraudulent Insurance Payouts Detected over 5 Years
7 Articles
7 Articles
Over the past five years, 961 cases of non-payment or underpayment of insurance claims by insurance companies have been detected. The related amount totaled 548.4 million won, and major insurance companies were fined a total of 508 million won. The Financial Supervisory Service is demanding the strengthening of internal controls.
(Seoul = Yonhap News) Reporter Bae Young-kyung = Over the past five years, nearly 1,000 cases of insurance payouts being unfairly withheld or underpaid were detected by the Financial Supervisory Service...
[Digital Daily Reporter Kim Nam-gyu] The amount of insurance fraud detected in the first half of this year reached 620 billion won, a 9.1% increase compared to the same period last year. The number of individuals caught also rose by 5.6% to 53,865. Automobile insurance fraud accounted for nearly half of the total detected amount, and by age group, those in their 60s were the most numerous. On the 28th, the Financial Supervisory Service announce…
The amount of insurance fraud detected in the first half of this year reached 620 billion won, marking an increase compared to the same period last year. The Financial Supervisory Service (FSS) plans to strengthen cooperation with relevant agencies, such as the National Police Agency, to prevent organized insurance fraud. According to the "Status of Insurance Fraud Detection and Response Measures for the First Half of 2026" released by the FSS …
The amount of insurance fraud detected in the first half of this year reached 620 billion won, an increase of over 9% compared to the same period last year. While automobile insurance-related fraud accounted for nearly half of the total detected amount, excessive insurance claims through the forgery or alteration of medical certificates increased significantly. Source: Financial Supervisory Service. According to the Financial Supervisory Service…
SEOUL, Sept. 28 (Yonhap) -- Fraudulent insurance claims increased by more than 9 percent in the first half of the year, with the overall number of fraud cases also increasing, the financial watchdog said Monday.Insurance scammers took 620 billion won
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
