In many states, insurers are required to have a fraud investigation unit. Even if your state doesn't have a law or regulation, you have a responsibility to protect your customers.
Whether it's a deliberately misstated water-damage claim on a homeowners policy or a sophisticated international crime ring for stolen autos, insurance fraud is driven by an amalgam of greed, stealth and exploitation.
This year's inductees to the CAIF Fraud Hall of Shame lied, robbed, and even killed. Read about the congressman who lost it all and the arsonist who harmed his children and pregnant wife for insurance money.
Insurance fraud is on the rise and shows no sign of slowing. Are your clients or prospects trying to pull a scam? Industry experts share their red flags for fraud.
Insurance fraud is on the rise and shows no sign of slowing. Are your clients or prospects trying to pull a scam? Industry experts share their red flags for fraud.