Mercury shares its insurance fraud investigation strategy

Insurance fraud Investigation Strategy

The insurer recently published a release describing its Special Investigations Unit for fraudulent claims. Since insurers tend to be very large companies, it’s easy to think that insurance fraud doesn’t cause any harm. That said, this sentiment has become commonplace enough that insurers risk losing a lot of money to it, forcing them to cover that added cost by factoring it into premiums, meaning that all customers pay more. Insurers take scams very seriously and have complex systems in place to detect fraudulent claims. “People might think that unless their…

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Insurance fraud prevention efforts are underway in Oklahoma

California Insurance company Fraud scam

The state and the NICB are working together to stop false claims as filings are received following tornadoes. The National Insurance Crime Bureau (NICB) and the Oklahoma Insurance Department (OID) are working together in an effort to combat insurance fraud by educating residents at a time when approximately 23,000 claims have already been filed in the state in the wake of a stream of catastrophic tornadoes and other severe weather events in May 2013. The storms – which primarily occurred on May 19 and 20 – have generated auto and…

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