Consumer Insurance Fraud Brochure Available From CPCU Society and NICB; Are You a Victim of Insurance Fraud?Business Editors MALVERN, Pa.--(BUSINESS WIRE)--April 24, 2000 The answer is a resounding re·sound v. re·sound·ed, re·sound·ing, re·sounds v.intr. 1. To be filled with sound; reverberate: The schoolyard resounded with the laughter of children. 2. YES! If you pay insurance premiums as a homeowner, renter, business owner, or car owner, insurance fraud is costing you money. It is estimated that every American household pays approximately $300 extra in insurance premiums each year to offset the cost of insurance fraud, according to the National Insurance Crime Bureau "NICB" redirects here. NICB may also refer to the National Industrial Conference Board; see The Conference Board. The National Insurance Crime Bureau (NICB) is a North American non-profit membership organization located in Des Plaines, Illinois. (NICB NICB National Insurance Crime Bureau NICB Nebraska Independent Community Bankers NICB National Institute for Cellular Biotechnology (Ireland) NICB National Intelligence Collection Board ) and the CPCU CPCU Chartered Property Casualty Underwriter CPCU Cardiac Progressive Care Unit CPCU Custody Pending Completion of Use Society (Chartered Property Casualty Underwriters). And the cost of insurance fraud can be even higher for some Americans--the innocent victims of organized rings of fraud criminals. For example, many organized criminals target innocent people in staged accidents, where they intentionally cause vehicle collisions. The cost is more than just vehicle damage and medical expenses--you can end up with higher insurance premiums, a blemished blem·ish tr.v. blem·ished, blem·ish·ing, blem·ish·es To mar or impair by a flaw. n. An imperfection that mars or impairs; a flaw or defect. driving record, and even serious physical injuries. Staged accidents are just one type of fraud scam detailed in a new free informational brochure about insurance fraud that helps consumers understand these problems and how to avoid being a victim of an estimated $30 billion annual problem. To obtain a copy, send a SASE SASE - Specific Application Service Element. Opposite: CASE. to: CPCU Society, Department N, PO Box 3009, Malvern, PA 19355. The CPCU Society is a community of more than 30,000 credentialed insurance professionals in 154 chapters who promote excellence though ethical behavior and continuing education continuing education: see adult education. continuing education or adult education Any form of learning provided for adults. In the U.S. the University of Wisconsin was the first academic institution to offer such programs (1904). . The National Insurance Crime Bureau combats fraud and theft through information analysis, forecasting, criminal investigation support and training. NICB and the Chartered Property Casualty Underwriters Society (CPCU) have joined forces to reduce insurance fraud through education and public awareness. NOTE TO EDITORS: Fraud Story Idea Contact the "Educating Against Insurance Fraud" partnership at 800/932-2728 ext. 2769 for more information on this timely topic, including the latest fraud scams, how to avoid being a victim, how the insurance industry and law enforcement fight fraud, and other "fraud facts" of interest to your readers. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion