Are You in Compliance?

Each state has different requirements to effectively fight against fraud, and it is the responsibility of the insurer to stay up to date on the governing statues in the states in which they do business. To help combat increasing risk…

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Hurricane and Storm Fraud

The season for Tropical Storms and Hurricanes are upon us.  Hurricane Harvey dropped more than 50 inches of rain in Houston and went toward Louisiana, which was hit hard by Hurricane Katrina in 2005. This was the most rain ever recorded in the contiguous U.S. from a hurricane. Homeowners across Texas will soon be facing the challenges of re-building their homes from scratch.

In addition, Hurricane Irma is one of the strongest storms ever recorded in the Atlantic. It has already caused devastating effects in the Caribbean and is expected to hit Florida soon.  According to Governor Scott, this storm is already larger and stronger than Hurricane Andrew which caused extensive damage to Floridians.

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The Rise of Service Animal Fraud

Many people don’t realize, but there are only two questions that a business can ask someone who has a service animal. Because of this, there has been an increase in people bringing their pets into various businesses to entrap an employee or manager into asking the wrong question, only to file a lawsuit under the Americans with Disabilities Act (ADA).

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Top 5 Strategies of Insurance Fraudsters

Understanding and navigating the world of insurance fraud can be complicated. In almost every instance where insurance claims are a central focus, some kind of fraud is present. Although the economy is on the upswing, measuring those gains against the advantages fraudsters anticipate is difficult. The good news is that there are organizations in place that work to combat insurance fraud.

Working with a licensed fraud consulting service or Special Investigative Unit (SIU) that helps to spot the characteristics of fraudsters can save your organization a lot of money. There are some common traits of insurance fraudsters to be on the lookout for. We’ve put together the top 5 strategies that fraudsters use in insurance fraud:

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