Llorente SIU(TM) to Manage Special Investigative Unit (SIU) for Hawaii Employers Mutual Insurance Company.HUNTINGTON BEACH Huntington Beach, city (1990 pop. 181,519), Orange co., S Calif., on the Pacific coast, across from Santa Catalina Island, in an oil-producing area; inc. 1909. It manufactures aerospace vehicles, aircraft parts, optical instruments, and heat transfer equipment. , Calif. -- Anti-Fraud Awareness Training, Coordination with Local Law Enforcement and Other SIU SIU Southern Illinois University SIU Seafarers International Union SIU Special Investigations Unit SIU Schiller International University SIU Special Investigative Unit SIU Salem International University SIU Societá Italiana di Urologia Services Will Support the Insurance Carrier's Commitment to Reducing Fraud Llorente SIU(TM), a California-based provider of contract special investigation services to U.S. insurers, announced today that it will provide the Special Investigative Unit (SIU) for Hawaii Employers Mutual Insurance Company (HEMIC), Hawaii's leading employers mutual insurance company. Fraud is a problem which can significantly impact an insurer's bottom line. To reduce the incidence of fraud, many insurers are turning to SIU programs for help in identifying and investigating dishonest claimants, employers, and doctors, and submitting prosecutable pros·e·cute v. pros·e·cut·ed, pros·e·cut·ing, pros·e·cutes v.tr. 1. Law a. To initiate civil or criminal court action against. b. cases to law enforcement. While some companies create in-house SIUs, there is a growing trend to outsource such services. "We are pleased to partner with HEMIC, and applaud them for their strong commitment to reducing insurance fraud," said Kristen Llorente, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Llorente SIU. "We have developed a customized program that will work with HEMIC's existing fraud-prevention strategies to take their anti-fraud plan to the next level." As part of the agreement with HEMIC, Llorente SIU will manage the insurer's special investigation unit, provide anti-fraud awareness training for employees, and coordinate communication with law enforcement and claims personnel. The SIU staff is based in Huntington Beach and will work with claims' teams, underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. , and loss-control staff throughout Hawaii. "Integrity is one of the enduring core values that guide HEMIC, and allowing people to commit insurance fraud, just because it is difficult to prove and prosecute To follow through; to commence and continue an action or judicial proceeding to its ultimate conclusion. To proceed against a defendant by charging that person with a crime and bringing him or her to trial. , goes against our basic principles," said Bob Dove Robert Leo Patrick Dove (February 21 1921 – April 19 2006) served as an All-America end at the University of Notre Dame and went on to play for eight seasons in the National Football League. , president and CEO, HEMIC. "By teaming up with Llorente SIU, we hope to leverage the firm's proven track record in the investigation and prosecution of insurance fraud here in Hawaii." About Llorente SIU Llorente SIU(TM) is a California-based SIU firm providing comprehensive Contract SIU services for all lines of insurance coverage. All Llorente SIU specialists have criminal investigative experience at either the local, state or federal level. |
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