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An insurer's special investigations unit seeks the truth by surveying each claim individually and independently.
The NICB reports that as much as $10 billion in disaster insurance payments was lost to contractor fraud in 2022.
Full-size pickups made up over 25% of vehicle thefts in 2022, according to the NICB.
Motorcycle thefts were up 7%, according to the NICB, which breaks down the most commonly stolen bike brands.
More than $9 billion was lost to post-disaster contractor fraud in 2021, NICB reports.
The national increase is frightening, state-level data is downright horrific. Two Western states saw increases in excess of 7,000%.
Insurance leaders often advise policyholders to beware of anyone who shows up unannounced right after a storm.
It is the first time since 2008 that the U.S. has hit the troubling milestone, NICB reports.
Review the biggest challenges and new developments expected to impact workers' comp and risk management.
The number of stolen vehicles in the U.S. is expected to surpass 1 million in 2022, according to the NICB.