Each year, the insurance industry experiences losses of approximately $12 billion to auto theft and fraud, split down the middle: $6 billion in auto theft and another $6 billion in fraudulent or inflated auto injury claims. Even if your tribal insurance clients own no vehicles in their businesses, they may still be vulnerable if their… Read More
insurance fraud
How to prevent fraud in your insurance agency
How to prevent fraud: What steps to take to protect your agency and your tribal clients As insurance specialists, we hear about insurance fraud all the time: claims fraud. Fraudulent or incomplete information on an application. But today we’re talking about potential fraud within your agencies, committed by your agents, your managers or even the… Read More
Insurance fraud: Red flags to help you spot potential scams
Is your tribal business a target for an insurance scam? Whether it’s a false claim or one with exaggerated damages or injuries, insurance fraud is rampant. It’s enough to turn a tribal business owner or insurance agent into a cynic of human nature. It slows legitimate insurance claims, increases premiums and, in some cases, puts… Read More