« Storms Force Investors to Weigh Insurers | Main | Georgia chicken company keep insurance costs down by pushing workers toward healthier habits »

September 20, 2004

Insurance Fraud Hits Record High in Korea

Insurance fraud has hit a record high of 48.4 billion won in the first half of the year, the nation’s top financial regulator said Monday. In a report to the National Assembly, the Financial Supervisory Service (FSS) said the insurance business saw a total of 7,099 insurance fraud cases in the first six months this year.

Read the full story

Posted by Tom Troceen