In the context of financial crimes, which type of fraud does NICB primarily address?

The National Insurance Crime Bureau (NICB) primarily focuses on insurance fraud. This type of fraud encompasses a wide range of deceptive practices aimed at benefiting from insurance policies improperly or illegally. Examples of insurance fraud include staging accidents, inflating claims, or submitting false information to obtain a payout from an insurance company.

The NICB's mission includes identifying, preventing, and combating insurance fraud, which has a significant financial impact on the insurance industry and consumers alike. By concentrating on this type of financial crime, the NICB plays a critical role in promoting the integrity of the insurance system and protecting policyholders from fraudulent activities.

While the other options, such as medical fraud, securities fraud, and tax fraud, are important areas of financial crime, they fall outside the primary mission of the NICB. The focus of the NICB is specifically aligned with insurance-related matters, which is why insurance fraud is identified as the main type of fraud that the organization addresses.