ACE Preview: NICB Details Strategies to Quell Fraud

Editor’s Note: Claims’ staff is profiling several speakers who will be dispensing knowledge and offering insights during this year’s ACE America’s Claims Event, which is being held from June 1-3, 2009, at Caesars Palace in Las Vegas, Nev. We begin the coverage by interviewing Joseph Wehrle, NICB president and CEO, who will be delivering a keynote presentation on June 2, 2009.

In a time of economic turmoil, many resort to unscrupulous ways to augment their incomes, committing insurance fraud and other criminal acts. As the National Insurance Crime Bureau (NICB) reports, there has been a noticeable increase in vehicle arsons, owner give-ups, and theft of precious materials and other goods. Compounding the issue is the fact that criminal rings have become more sophisticated. Thus, the need to recognize prevalent schemes and take measures accordingly has never been more pronounced for insurers and the organizations that support them.