Stamping out insurance fraud has been the mission of the Virginia State Police (VSP) Insurance Fraud Program (IFP) since its inception in 1999. Successfully fighting insurance fraud requires a team effort – IFP special agents and analysts, members from the insurance industry, commonwealth’s attorneys, and law enforcement partners must work together. The IFP assists local law enforcement and insurance professionals with investigations and provides support through training and continuing education programs.

Insurance fraud is a widespread crime that affects us all with a heavy financial impact. The Coalition Against Insurance Fraud estimates that insurance fraud costs Americans nearly $309 billion annually – and these costs do not stop with insurers. False claims against insurance companies ultimately mean increased premiums for every Virginian.

In 2023, there were 380 insurance fraud investigations initiated, more than $11 million in attempted insurance fraud claims filed, and over $65,000 in restitution ordered.

The IFP continues to provide public education and outreach through multiple communication channels, educating citizens on how to identify insurance fraud, what to do if they suspect this type of crime is being committed, and ways to protect themselves from becoming victims.

Citizens are encouraged to join law enforcement in combatting insurance fraud. Anyone with knowledge of suspected insurance fraud can submit a confidential tip by visiting StampOutFraud.com or calling (877) 62-FRAUD. Tips that lead to arrests can potentially earn an award of up to $25,000.

Through the years, the IFP has compiled impressive results, including 39,609 notifications received yielding 12,283 full investigations, 2,928 arrests, and over $25,532,701 ordered in restitution.

It is vital that citizens understand that insurance fraud is not a victimless crime – in fact, it costs the average Virginia family $1,000 annually. That is why it is important that we work together to continue to stamp out fraud in Virginia.

Sincerely,

/s/ Colonel Gary T. Settle