In an attempt to eliminate duplicate fraud filings,
"This agreement has been a high priority for the NAIC Antifraud Task Force over the last year," Sandy Praeger, Chair of the NAIC Antifraud Task Force and Kansas Insurance Commissioner said in a statement. "This agreement saves insurance companies and fraud investigators time and improves investigative resources for state fraud bureaus. We are already receiving twice as many fraud referrals from property/casualty insurers now that NICB/ISO members are providing reports to the NAIC Online Fraud Reporting System (OFRS) system."
Companies can now file a single report directly to multiple state insurance departments and the NICB/ISO. Starting today, 47 states will accept reports either through the NAIC OFRS or via a direct system connection from NICB/ISO.
"This expansion of NICB's Fraud Bureau Reporting Program, in cooperation with the NAIC and state fraud bureaus, brings us closer to offering a single system where the insurance industry can report suspected fraud and get the data in the hands of people that can make a difference," added NICB President and CEO Joe Wehrle.