An insurance industry group working to foil fraud said it has developed eight technical initiatives to help in the fight.
The efforts of the industry fraud data working group were unveiled recently by Susan Q. Hood, State Farm claims vice president and working group chairperson, at the Insurance Fraud Management Conference in Phoenix, according to the Insurance Services Office.
Jersey City, N.J.-based ISO said Ms. Hood's announcement–concerning enhancements that will help mitigate the impact of fraud on the insurance industry and consumers–was made to claims and special investigation unit executives at the meeting.
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