Recession ahead! Time to bolster fraud defenses

As communities begin to emerge from pandemic shutdowns, insurance claims will rise, and so will fraud opportunities.

By David Hartley | June 08, 2020 at 11:15 AM

The precipitous drop in P&C insurance claims signals a calm before the storm. Now is the time for insurers to prepare for rising fraud risks. (Photo credit here)

Writing this from the comfort of my home office on a beautiful spring day, I’m very much aware of the relative tranquility around me. Windows open, I hear melodic birdsong carried on the breeze and the subtle rustling of trees. Conspicuously absent? The ceaseless droning of motor vehicles on the streets outside.

The novel coronavirus has upended the world around us. In the weeks since the pandemic sparked varying degrees of stay-at-home orders and lockdowns around the globe, a large portion of the public has been relegated to their residences. Many work from home, their daily back-and-forth commutes a memory growing ever more distant.

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