Just how likely is it that a friendly neighborhood insurance agent is out to fleece a client rather than assist them? It's anyone's guess.
Industry experts say that despite recorded incidents of agent criminality, there is a knowledge vacuum, and no reliable statistics exist on the extent of insurance agent fraud. At this point, most believe rogue agents represent only a tiny percentage of the millions of producers out there.
Still, they say technology is increasing the types of scams as well as the take from such criminal activity.
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