DeTechtive Work
Friday, October 31st, 2003 Auto Fraud Property TechnologyThe National Insurance Crime Bureau (NICB) attributes$30 billion in insurance losses to property/casualty crime annually; the Coalition Against Insurance Fraud (CAIF)estimates the industry suffers a total of $80 billion in fraud each year. “Medical fraud is today one of the most serious issues we face—the [fraud rings of] doctors and attorneys and staged accidents,” says Robert M. Bryant, presidentof the NICB. Even though fraud-fighting technology is not a 100 percent solution, it has given insurers a powerful weapon and the cause for some optimism. No matter how many fraud investigators a company has and how much time the company could give them, they never would be able to create the multidimensional investigative analyses possible with today’s fraud-fighting technology.
