Fighting insurance fraud is big business throughout thenation–particularly in key states such as New Jersey andCalifornia–and keeping up with ever-evolving criminal tactics viaformal training remains one of the major elements to assure successin this effort, players in the field contend.
The numbers involved are not just petty cash, as fraud costproperty-casualty insurers about $29 billion in 2005, according tothe Insurance Information Institute.
The industry and law enforcement got serious about preventingand prosecuting fraud in the 1990s with the establishment of fraudunits in state police agencies and special investigation units ininsurance companies, industry experts note.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
