Fraud cost Arizona residents over $69,500,000 last year. That’s a 138.0%, increase from 2019, the 6th highest increase in the nation.
In addition to increases in Arizona fraud, our team of insurance analysts found that fraud increased by over 97% in the last year, costing Americans more than $2.3 billion.
“The increase in fraud is directly tied to the ongoing pandemic. Criminals took advantage of relief efforts and we saw job-related scams, credit fraud and identity theft increase by more than 100%,” said Nick VinZant, Sr. Research Analyst and Insurance Expert with QuoteWizard.
The increase in fraud hit some states particularly hard. Nebraska saw a 193% increase in fraud losses, while California lost over…