Instant Insights / Insurance Fraud: Detection and prevention

Insurance fraud comes in many forms and can affect every area of the industry. These articles can help insurance professionals implement mitigation strategies and stop crime in its tracks.


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Insurance companies have argued that some cyber attacks are ‘indirect losses’ and should not be covered by crime insurance. (Photo: Shutterstock)

If you suffer a theft at the hands of a cybercriminal, promptly check your insurance protection — particularly your crime insurance. Two major federal court cases decided this month reaffirm the protection many policyholders already have available to them for cyber scams. With cybercrime rampant, policyholders should remember that there may be a number of insurance products they purchase (or can purchase) that provide cyber loss protection.

Related: What’s the best business insurance to cover a cyber breach?

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