The subject of insurance fraud is a serious issue for the industry. How's that for understatement? Just ask Dave Rioux, CIFI, vice president and manager of the Corporate Security Department–Investigative Services Section of Erie Insurance. He also serves as a director for the International Association of Special Investigation Units (IASIU).
Actually, you don't have to. In this issue, you'll find the first installment of a two-part article, "A Recipe for Change," which puts the problem into scary perspective. Part two will follow in next month's issue, and will continue to offer the latest updates on the insurance industry's efforts to band together in the fight against fraud. The complete article also will appear in its entirety in the summer issue of SIU Today, the official quarterly publication of IASIU.
CCOR, the Chief Claim Officers Roundtable, is comprised of a group of senior claim officers representing 18 P&C insurance companies. For the past three years, CCOR has worked diligently through its various committees and summit meetings to bring about a cohesive plan to improve the industry's fraud-fighting efforts (even to the point of exploring a merger of the Coalition Against Insurance Fraud, the National Insurance Crime Bureau, and IASIU). These two articles give an in-depth review of where we've been and where we're going in the fraud-fighting arena.
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