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Indianapolis, IN — The National Association of Mutual Insurance Companies released a new fraud video series designed to help insurance companies identify areas of operation which are targets for fraudulent activity. According to the Insurance Information Institute, property and casualty insurance fraud amounted to $20 billion in 1994. “Fraudulent activity is affecting our entire industry. Regardless of company size and location, each company must arm itself against fraud. This can be accomplished by educating the entire staff on detecting and deterring fraudulent activity,” stated Gary Eberhart, NAMIC vice president of Member Services.
The first videotape in the series, Fraud I: An Industry Perspective will enlighten companies about the issue of fraud. It also will help the companies to determine how they can plan an attack against fraudulent activity in daily operations. Additionally, it highlights resources that may help in the detection and investigation processes of a suspicious claim.
Sponsored by Grinnell Mutual Reinsurance Company, Fraud II: An Adjuster’s Perspective is intended to assist in the training of claims adjusters. Fraud II focuses on the identification process of common types of fraudulent activity — application fraud, proof-padded claims and fictitious losses.
Both videotapes feature interviews with special investigators, legal consultants, a private investigator and a NICB representative. Each tape sells for $45 to NAMIC members and $65 to nonmembers. Until September 15, a special discount rate of $80/120 is in effect for those wishing to purchase both tapes. Orders may he placed with the Horizon Education Department at (800) 336-2642.
©1995 John Cooke Fraud Report