Posts Tagged: fraud
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Oct 31, 2011
No CommentsThe Phantom “Vehicle” Menace
NEWSBREAK – DATE LINE – WISCONSIN – November 1, 2011 As men and women all over the Badger state lay down their heads on October 31, they know not what new horrors await them come November 1, 2011. In the wee hours of the morning, unbeknownst to most of them, as the ghouls and goblins...
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May 06, 2011
No CommentsFraud Legislation – Where Do We Stand in 2011?
Last year was witness to various enacted anti-fraud initiatives including Louisiana’s detailed anti-fraud plan criteria and Rhode Island’s requirements to establish processes which allow for the detection, reporting and preventing fraud. Continuing the trend this year, many states have moved forward with the introduction of various bills focused on insurance fraud. So far this year,...
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Nov 23, 2010
No CommentsMarket Conduct Criticisms Show Compliance Risks Still High in Claims Fraud Warnings
Your insured, from state A, while in state B, gets into an accident with a claimant from state C. What fraud warning notice needs to be sent to whom (especially to the claimant from state C) and why? What’s the state’s interest? What are the risks for your company and how can you eliminate them? Scenarios like...
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Oct 20, 2010
2 CommentsFocus on Fraud
We need to look no further than daily news articles to locate instances of insurance fraud that not only cross all lines of business, but are also showing no signs of a downturn in frequency. Many states have, of course, taken definitive steps in prior years to combat fraud such as establishing additional fraud reporting...
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Oct 08, 2009
No CommentsFraud Update
News media and state reports indicate that there has been a significant rise this year in both suspected and actual fraud cases affecting all lines of insurance. As the economy continues to struggle, there is no clear sign that a downward trend will occur any time soon. Currently more than half the states have fraud...
