Which of the following would NOT be considered a peril in insurance?

In the context of insurance, a peril refers to a specific risk or cause of loss that is covered by an insurance policy. It may include events such as natural disasters, accidents, or criminal activities that can lead to damage or loss of property.

Fire, flood, and theft are all considered perils because they represent specific events that can cause physical damage or financial loss that insurance policies are designed to cover. For instance, fire can damage a home or business, flood can result in significant property loss, and theft involves the loss of possessions due to criminal activity.

On the other hand, insurance fraud does not fit the definition of a peril in the same way. While it may lead to financial losses for an insurance company, it is not a natural or external event that causes damage to property or belongings. Instead, insurance fraud is an illegal act where someone intentionally deceives an insurance company for financial gain. Therefore, it does not represent a cause of loss that can be insured against, making it the correct choice in identifying what would not be considered a peril in insurance contexts.