December 15, 2017

NICB Reports a 24 Percent Rise in Suspicious Claims Since 2008

DES PLAINES, Ill.,/PRNewswire/ — The National Insurance Crime Bureau (NICB) today released its 2010 questionable claims (QC) referral reason analysis. The report examines six referral reason categories of claims: property, casualty, commercial, workers’ compensation, vehicle and miscellaneous referred in 2010, with those referred in 2008 and 2009.

In 2008, a total of 74,146 QCs were referred to NICB from its member insurance companies compared with 91,797 received in 2010—a 24 percent increase. In 2009, a total of 84,407 QCs were referred. The difference between 2009 and 2010 was an increase of 8.7 percent. Questionable claims are those claims that NICB member insurance companies refer to NICB for closer review and investigation based on one or more indicators of possible fraud. A single claim may contain up to seven referral reasons.

“Insurance fraud is not a victimless crime,” said NICB President and CEO Joe Wehrle. “It affects all consumers who buy insurance because the money lost to fraud is recovered, in part, through higher premiums. NICB, its member companies and law enforcement across the nation are working to reduce this criminal activity, and I urge all Americans to help us help them. Don’t tolerate fraud. If you suspect it, report it.”

Editor’s Note: Be sure to check out Page 4 of the report for Work Comp Specific Info!

The full report is available here (PDF).

Source:PR Newswire

  • RSS
  • Twitter
  • LinkedIn