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Insurance Fraud

(All images, information, and text courtesy of Insurance Information Institute, Inc. All Rights Reserved) THE TOPIC Insurance industry estimates generally put fraud at about 10 percent of the property/casualty insurance industry’s incurred losses and loss adjustment expenses each year, although the figure can fluctuate based on line of business, economic conditions and other factors.[1] Using this measure, over the five-year period from 2008 to 2012, property/casualty fraud a

Using Technology to Resolve Auto Claims Quicker

(All images, information, and text courtesy of claimsjournal.com. Written by Denise Johnson) The ability to report claims via mobile devices and streamlining the payment process are among the advances in technology that have helped reduce the cycle time for auto damage claims, according to industry experts. In addition, technology has helped with sourcing parts, explained Susanna Gotsch, lead analyst for CCC. While the distribution of repair cost dollars has seen little chang