Insurers write close to $1 trillion in insurance premiums each year according to the FBI that's a lot of risk management and a huge opportunity for some claimants to take advantage of an insurance company. Fraud comes in all shapes and sizes. Non-healthcare related fraud runs well over $40...
RIMS asked members about insurance investments, exposures, cyber security ownership and government involvement, as well as identification methods and response procedures.
Fiduciary risk is an increasingly complicated landscape. Agents can provide great service to clients, helping them navigate risks, and offering solutions to protect themselves and their businesses.
A Travelers unit was sued by two New York homeowners who accused it of using a doctored engineering report to reject much of their claim for flood damage from Hurricane Sandy, making it the third insurer to face such allegations.