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When someone enters a digital location, this feature responds with targeted advertisements.
Previous economic downturns have resulted in a marked increase in scams, and insurers should beware.
It is vital that insurers share more information, avoid fraud-spreading practices and never surrender to scammers.
Louis Aguirre masterminded an automobile accident scheme that cost insurance companies millions in fraudulent PIP claims.
In the P&C space, I.I.I. found that insurance fraud comprises about 10% of losses annually, costing roughly $34 billion.
Insurers can outsmart fraud perpetrators with AI technologies that quickly identify suspicious patterns.
One definitive method can show misrepresented commercial use well before a claim ever arises.
The explosion of social media has opened a vast new trove of information, and has created an entirely new channel of communication for insurance companies to discover fraudulent claims.
Tool from the Coalition Against Insurance Fraud provides instant access to critical information in the field for adjusters and investigators.
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