How Can Agents Stop Fraud?
Agents can protect their companies againstpotential fraud by being alert to a number of items that shouldraise a red flag, according to James Quiggle, director ofcommunications for the Coalition Against Insurance Fraud inWashington.
Alarms should sound when an applicant walks into an agencylooking for coverage on high-value articles and does not ask aboutthe cost of the premium.
Look for lifestyle indicators. For example, a client looking toinsure an expensive house, but driving a very old car or anapplicant looking to insure expensive goods who has a job with alow pay scale.
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