Ramping up efforts to prevent insurance fraud, two non-profit industry organizations, a coalition group and two state agencies are planning a set of carefully monitored public education campaigns for release in coming months.
“The more people are aware of the cost of fraud, the more they will help to minimize and reduce it,” said Marsha D. Egan, the incoming president of the Society of Chartered Property and Casualty Underwriters in Malvern, Pa., explaining the focus on education efforts.
In October, the CPCU Society will begin a multi-faceted effort teaming the 30,000-member group with the National Insurance Crime Bureau in Palos Hills, Ill., Ms. Egan said.
The CPCU and NICB will share the costs of the joint venture, Ms. Egan said. Although she would not specify how much was budgeted, she said it would involve producing and distributing a consumer awareness brochure to media contacts and consumer groups.
