What do the acronyms CCOR, NICB, CAIF and IASIU have in common? These letters can be found in alphabet soup when all stirred together, and they may just be the right combination of letters needed to spell out a change in the way the industry collectively fights insurance fraud.
The Chief Claim Officers Roundtable (CCOR) is a group of senior claim officers representing 18 P&C insurance companies. The alphabet soup organizations are the National Insurance Crime Bureau (NICB), the Coalition Against Insurance Fraud (CAIF), and the International Association of Special Investigation Units (IASIU). Time may tell, but one thing is certain: 2006 turned out to be an interesting year full of challenges and exhaustive efforts for three organizations that were encouraged to come together to try and create one new organization. Not everything always goes as planned, though, and this certainly was the case for one of the primary initiatives to reinvigorate the insurance industry's efforts in combating fraud. Change doesn't always go smoothly and often the process can be a daunting task.
Uncharted Waters
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