When you think of “insurance crime,” probably the first thing that comes to mind is some form of third-party fraud, with policyholder claims-padding on one end of the spectrum and Russian mob staged auto accident rings on the other.
But insurance companies are increasingly looking at their agency distribution force as a source of potential fraud, especially in financially tough times.
Within the industry, associations that track insurance fraud of all kinds say they've seen instances of producer-perpetrated fraud increase during the recession.
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