Over a two-year timeframe, from 2009 to 2011, there was a 19-percent increase in questionable claims referred to the National Insurance Crime Bureau (NICB), according to an NICB report released today. NICB member insurance companies forward claims for closer review and investigation as to possible fraud to the not-for-profit organization, which focuses on preventing, detecting and defeating insurance fraud and vehicle theft through data analytics, investigations, training, legislative advocacy and public awareness. A single claim may contain up to seven referral reasons.
In its 2011 questionable claims (QC) referral reason analysis, the NICB examined six referral reason categories of claims: property, casualty, commercial, workers’ compensation, vehicle and miscellaneous referred in 2011, with those referred in 2009 and 2010.
Register or login for access to this item and much more
All Digital Insurance content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access