It may be a coincidence, but the fact that two of the leading technology vendors with solutions to help insurance carriers fight fraud have released new versions of their software within days of each other seems to be a sign that carriers are pushing for more ways to keep from throwing money away to cheats.
The need for better tools to fight fraud is never ending. The only thing you have to admire about those who commit insurance fraud is their commitment to their work. They are constantly looking for new angles to beat the insurers, which is why carriers can never afford to relax and think they have the upper hand on their counterparts.
The development of better software to fight fraud also is important because of the variety of fraud that impacts all lines of business. Fly-by-night construction companies ripping off homeowners—and insurers—trying to recover from a devastating natural disaster may not have much to do with workers' comp cheats or personal auto injury scams, but such widespread activity is why the work of special investigation units is spread thin.
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