Putting the brakes on insurance fraud

OF CURRENT INTEREST

WITH WORKERS' compensation and private passenger auto listed as the lines of insurance most often subject to abuse, the nation's insurers overwhelmingly agree that fraud constitutes a "serious problem."

When the Insurance Research Council and Insurance Services Office,

Richard Boehning, senior vice president of the Insurance Services Office, noted that most companies are battling the problem, but that more can be done. "Both insurance companies and their honest policyholders would benefit from increased efforts to stop cheats...Such fraudulent behavior shifts costs to honest policyholders."