Search
 

NICB: Suspicious Claims Surging

review of the NICB's files indicated a 20-percent increase in suspicious car fires, a 76-percent increase in questionable auto glass claims, and a 90-percent hike in product liability claims.

By Christina Bramlet | Updated on October 05, 2009

The National Insurance Crime Bureau (NICB) works diligently to prevent and detect insurance fraud and vehicle theft through various outlets. One way the Des Plaines, Ill.-based, not-for-profit organization fulfills its mission is by reviewing suspicious claims from its more than 1,000 P&C insurance member companies and self-insured organizations.

The member companies typically refer files to the NICB for closer review and investigation based on one or more indicators of fraud. This year the NICB noticed a surge in referrals spanning nearly all categories. A review of the organization’s files indicated a 20-percent increase in suspicious car fires, a 76-percent increase in questionable auto glass claims, and a 90-percent hike in product liability claims. Members referred a total of 41,619 of such “questionable” claims to NICB during the first half of 2009. This figure represented a 13-percent increase compared to the 36,743 claims received by the NICB during the same period in 2008.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.