Fraud

Insurance Fraud – It Costs You!

Insurance fraud is any deliberate deception perpetrated against or by an insurance company, agent or consumer for the purpose of unwarranted financial gain. It is the second most costly white-collar crime in the country, second only to tax evasion.

Insurance fraud costs are far reaching. Honest consumers pay higher insurance premiums as a result of fraud. Insurance companies face increased costs to investigate suspicious claims, and sometimes by paying claims that are not legitimate.

In an effort to fight fraud and keep your insurance premiums down, Concord Group has a Special Investigation Unit, which is responsible for investigating suspicious claims. The Unit is comprised of experienced and knowledgeable investigators who work very hard to protect your premium dollars.

If you have witnessed a suspicious loss or are aware of a fraudulent claim being presented to the Concord Group, please contact your Claim Office.

The National Insurance Crime Bureau (NICB) is a not-for-profit organization that receives support from approximately 1,000 property/casualty insurance companies. The NICB partners with insurers and law enforcement agencies to facilitate the identification, detection and prosecution of insurance criminals. The NICB’s vision is to be a results-driven organization comprised of highly skilled and knowledgeable professionals recognized by their customers, law enforcement, public policy makes and the general public. NICB will aggressively seek and enter into collaborative relationships with all entities or persons to detect, prevent and deter fraud and theft. To learn more about the NICB, check out their website: http://www.nicb.org.