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carterhancock

Understanding insurance fraud - 2 views

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Understanding fraud Axis Capital Insurance group of companies Jakarta

shared by carterhancock on 09 Dec 14 - No Cached
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  • carterhancock on 09 Dec 14
     
    When somebody gives fake info to an insurance company just so it can take advantage of anything of worth that the offender would not have collected if the reality had been stated‚ they've performed insurance fraud. Even though you under no circumstances will catch yourself involved in of one of its immoral scams, on the other hand auto insurance fraud affects you. Industry professionals articulate it decelerates genuine insurance claims, upturns premiums and, in some circumstances, places unknowing victims at risk. Just about every person knows and heard about insurance fraud. Jakarta insurance fraud protection group is fully aware of this problem. Every one of us have learnt the reports of people who collected large amount of money following a car accident or the merciless insurance firm declining to disburse to a widow due to a technicality. Dating back to 300 B.C., insurance fraud is one of the aged kinds of fraud ever documented. The story goes like, when a Greek trader sunk his own ship, in an effort to redeem on the insurance, and died in the attempt due to drowning. Insurance fraud have an effect on you, either it be you are a policyholder or a shareholder in an insurance company. The matter of insurance is extensive and swindle happens in every single part. Insurance fraud takes two to tango; it comes in two chief categories: one is the seller fraud and the other one is the buyer fraud. Seller fraud happens when the seller of a policy takeover the normal procedure, in a method that make the most of his return. Buyer fraud follows when the buyer turns the manner to get more coverage, or obtain more money, compare to what he is lawfully allowed to. Don't allow a tall tale ruin your life or that of somebody you are acquainted of. Understand more regarding insurance fraud. Be familiar wi
  • carterhancock on 08 Jan 15
     
    Insurance fraud costs billions of dollars every year. Insurance fraud includes a number of illegal activities involving the sale of insurance, and often involves criminal schemes. One kind of insurance fraud targets unsuspecting policyholders in Jakarta, Indonesia. Many individuals are deceived when they buy worthless insurance policies. When disaster strikes and policyholders seek reimbursement for damages, they find they have no coverage. Con artists can take advantage of their victims' lack of English, cultural traits and deep-seated habits. Recent immigrants from Asian countries do not realize that unscrupulous individuals purposely set out to confuse people who don't speak English well. Insurance contracts are complicated. They are usually written in English. Newcomers probably have little or no knowledge of insurance laws and regulations. Scam artists prefer to prey on unsophisticated consumers. It's natural for newcomers to feel more comfortable around people of the same background, and to trust people who speak the same language. Almost everyone prefers to do business with someone who has been referred to them by a relative, friend or co-worker. But no matter who referred you to an insurance agent or company, it's important that you check them out. If you take a few steps outlined here, you can limit the odds of becoming a victim of insurance fraud. It's up to you to protect yourself! Insurance is very complicated. You may have need of life insurance, health insurance, homeowner's insurance and auto insurance. There are many variations on all of these types of insurance. Agents are licensed to sell specific types of insurance, so make sure the agent has a license for the kind of insurance you need. Take these Axis Capital Group review of insurance fraud protection at Axis Capital, a group o
carterhancock

Axis Capital Insurance Group Review: Fraudulent Insurance Act Punishable By Law - 1 views

With the wide spread of insurance fraud, you might start asking if there is assurance in your life plans. The insurance industry already has positioned itself in the modern world as a necessity and...

Axis Capital Group Insurance America Europe Singapore Jakarta Review: Fraudulent Act Punishable By Law

started by carterhancock on 25 Feb 15 no follow-up yet
carterhancock

Identifying Personal Injury Insurance Fraud - 1 views

Personal injury insurance fraud is usually explained being as any action that is intentional to instigate an insurance company to pay you for damage that is unreal, overstated, or unconnected to a...

Axis Capital Insurance Group of Companies Jakarta Fraud Reviews Identifying Personal Injury

started by carterhancock on 02 Dec 14 no follow-up yet
xavierhansen

Insurance Fraud Detection System on the Rise - 1 views

Independent research conducted by Axis Capital Inc. to its group of insurance and reinsurance companies shows gathered data from its head office in Bermuda to its branches in Singapore, Australia, ...

insurance fraud detection system on the rise Axis Capital Group company Jakarta Hong Kong

started by xavierhansen on 18 Sep 15 no follow-up yet
carterhancock

Avoiding Insurance Fraud - 1 views

carterhancock965.wordpress.com/...avoiding-insurance-fraud

Axis Capital Insurance group of companies Jakarta

shared by carterhancock on 13 Jan 15 - No Cached
  • carterhancock on 13 Jan 15
     
    The effect of insurance fraud generally for every insurance carrier and their clients is considerable. The Coalition Against Insurance Fraud approximation that insurance fraud costs Americans $80 billion yearly. Although we understand that a small number of claims are fraudulent, we should take our obligation critically through protecting against the augmented expenses of fake claims and other insurance dealings. We all must be keen to the anti-fraud endeavor via fraud detection and investigation. Trough cooperation with local law enforcement authorities, we can all fight against fraud. Everyone could take part in a significant role in that effort. Be conscious that somebody or a group of people are spreading fraudulent association holding counterfeit checks looking like real. Read on Malaysia/Hong Kong/Jakarta insurance fraud protection for more tips on Axis Capital, a group of companies with branches in Bermuda and many more. The counterfeit checks might go with a letter that the beneficiary has won a sweepstakes, lottery, or something similar. In some circumstances, beneficiaries are given a check in association with a fake job offer. How the Scam Works The letter comes with the check in lottery-type scams informs the recipient that he has won a huge quantity of money and to phone an individual listed in the letter. That individual will command the recipient to cash the check together with the letter then furthermore wire a tax payment abroad to issue the prize payment. This will never be delivered and the recipient will finally have to pay back their bank the whole sum of the check cashed. The money wired is usually not refundable. The job offer, In the job offer scheme, is fake and the victim gets a bogus check that they are ordered to cash and then wire some cash. Yet again, the wire
carterhancock

Guarding oneself against insurance fraud - 1 views

carterhancock965.wordpress.com/...-fraud-malaysia-jakarta-region

Guarding oneself against fraud Axis Capital Insurance group of companies Jakarta reviews

shared by carterhancock on 27 Nov 14 - No Cached
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  • carterhancock on 27 Nov 14
     
    Insurance fraud charges large amount of money yearly, Axis Capital, a group of companies in Bermuda and other offices around the world knows this very well. Insurance sham adds in many unlawful actions including the sale of insurance, and frequently consists of criminal offenses. One type of insurance fraud aims at unwary policyholders. A lot of individuals in Jakarta Indonesia are deceived when they buy worthless insurance policies. Once tragedy strikes then policyholders request reimbursement for compensations, they discover they definitely do not own coverage. Insurance fraud happens in business worldwide and costs businesses, and persons who give payment to insurance premiums, large amount of money every year. There is no specific business that solely comes across insurance fraud, criminal doings can be recognized in almost whatever part of business where liability insurance is supported and meant to care for the consumers. The intention is frequently distinguished for somebody to perform insurance fraud is to profit from particular performance that may be accused on the insuring business. Some characteristics of insurance fraud executed for financial profit is for an insured individual or business to increase the worth of the property that is being covered. As soon as the property is ruined and the covered need to be reimbursed by the insurance company, the covered endures to accept a greater monetary sum instead of the wrecked property was in fact cost. Business owners considering gaining liability or property insurance must be cautious of insurance companies who bid insurance for above the worth of the property to be covered. Frequently insurance companies will furthermore profit from over-insuring property over higher indicted premiums. It doesn't matter what kind of insurance fraud claim was committed by crooks, businesses frequently turn out disbursing large amount of money over their insurance.
carterhancock

Insurance Fraud Prevention - 1 views

Fraud Costs Us All The cost of insurance fraud nationwide for all insurance carriers and their customers is substantial. In fact, the Coalition against Insurance Fraud estimates that insurance frau...

Axis Capital Insurance group of companies Jakarta

started by carterhancock on 07 Jan 15 no follow-up yet
carterhancock

Identifying Buyer Fraud - 1 views

axiscapital.livejournal.com/13553.html

Axis Capital Insurance group of companies Jakarta buyer fraud reviews

shared by carterhancock on 15 Dec 14 - No Cached
  • carterhancock on 15 Dec 14
     
    Buyer fraud has a lot of various faces, nevertheless, their common ground is dishonestly. Staging an accident is a type of fraud for example, when travelling in Jakarta, Indonesia and you made up a fake accident claim an insurance is a scam. Fabricating medical history is one of the most usual type of insurance fraud next is the above example. By excluding information like a smoking addiction or a pre-existing illness, the buyer wishes to contract the insurance policy for cut-rate compare to he would have otherwise pay. Postdated life insurance means a policy that has been settled once the passing away of the individual being insured, however, looks to have been issued prior to death. This kind of deceit is generally completed with the assistance of an insurance representative. It is moreover one of the effortless kind of con for insurance companies to spot, as record keeping has come to be more strict. Insuring individuals you shouldn't be covering, in anticipations that they will pass away, creates deceit. Insurance is created with the notion of protecting individuals from financial loss, therefore manipulating it to bet on lives for a financial profit is a corruption of the system. This consists of viatical settlements, which unite non-insurable interest with fabricated policies from the terminally ill. For more, check out Axis Capital Group property insurance scam reviews at Axis Capit
carterhancock

Insurance Scams That Needs To Be Avoided - 1 views

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Insurance Scams That Needs To Be Avoided Axis Capital Group America Europe Singapore Jakarta

shared by carterhancock on 02 Mar 15 - No Cached
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  • carterhancock on 02 Mar 15
     
    In order to gain more money in the now so-materialized world, people and companies have thought of things to gain out of greed. Insurance agencies are no exceptions especially in places which have lose insurance policies like Jakarta in Indonesia, South Africa and Cambodia. The Federal Bureau of Investigation (FBI) had released the most common insurance fraud used by the insurance companies. Premium Diversions It is considered as an embezzlement of insurance premiums and is considered the most common type. This happens when the insurance agent doesn't wire the money to the insurance company and keeps it to himself. Other form of premium diversion scam involves selling policies without license, collecting premiums and then not paying claims. Payers are advised to keep track of this kind of fraud by knowing and verifying the legitimacy of the agent. Asset Diversion This large-scale scheme involves theft of insurance company assets held to pay valid claims. This most frequently occurs as insurance companies merge, reorganize or change ownership. Fee Churning In this scheme, a group of people set up a company that will eventually fail. The business gets involved in reinsurance agreements, and people in different steps of the process pocket commissions. The amount of a premium is cut by each repeated commission until the money to pay claims runs out. This scheme lasts as long as it does because each individual move looks normal as it occurs. The full picture emerges only after the damage is already done. How to report Insurance Fraud 1. Report fraudulent behavior to your state's insurance frauds bureau. 2. Contact the specific insurance company's fraud hotline if one is available. 3. Turn in the social security fraud perpetrators. 4. When you are reporting the scheme, make sure to give all pertinent details and any other documents that may help. Be Wise. Act Wise. The most important factor before buyi
carterhancock

What is the Correct Way to Guard Businesses from fraudulent insurance claims - 1 views

www.scribd.com/...om-Fraudulent-Insurance-Claims

Axis Capital Insurance group of companies Jakarta buyer fraud reviews

shared by carterhancock on 17 Dec 14 - No Cached
  • carterhancock on 17 Dec 14
     
    Because of its commonness in all kinds of businesses, insurance fraud is often hard to avoid exclusive of security measures like security personnel and cameras. Mainly in businesses that have client that go inside their premises, these types of businesses must be watchful against insurance fraud. This could be as difficult as spotting property insurance claims, to know more about this topic, read on Axis Capital, a group of companies based in Bermuda and offices worldwide. An example subject is property insurance fraud review which you can learn personal experiences of victims from Jakarta Indonesia and worldwide. Slip and fall claims, this is one of the hardest fraudulent insurance scams for a business to contest in court. Security cameras are an effective technique for invalidating a fraudulent slip and fall claim counter to a company. Though there are many who think security cameras a costly investment, the forthright price may frequently be balance through the money saved when in disagreement contrary to a fraudulent insurance claim. Security personnel are one more technique companies could use to make an effort to decrease the number and seriousness of fraudulent insurance claims. Alert, skilled security personnel are an effective approach to watch on customers and assist prevents any illegal doings at business sites. Business owners who have clients, or the ordinary people, going in and out of their locations everyday have to capitalize in some type of visual security. This may rule over the "he said, she said" aspect prevented in an insurance claim in court. Witnesses, including video, would significantly decrease the quantity of insurance fraud a company has to take care of. One more technique that may be used by companies to spot fraudulent insurance claims is to trace all kinds of claims touching their insurance. Study into documented fraudulent claims may help business owners in detecting kinds of claims which are more lik
carterhancock

Indonesia: Health Care Mega-Spending -Whose Have No Complaints? - 1 views

AXIS Capital is a group of global insurer and reinsurer, providing clients and distribution partners with a broad range of specialized risk transfer products and services, i.e. health insurance ...

indonesia health care mega spending whose have no complaints Axis Capital Group Insurance

started by carterhancock on 08 Sep 14 no follow-up yet
carterhancock

What you need to know about insurance fraud - 1 views

axiscapital.livejournal.com/15647.html

Axis Capital Insurance group of companies Jakarta

shared by carterhancock on 14 Jan 15 - No Cached
  • carterhancock on 14 Jan 15
     
    One type of insurance fraud aims at unwary policyholders in Jakarta, Indonesia. A lot of people are swindled when they purchase valueless insurance policies. When tragedy happens, and policyholders ask for reimbursement for compensation, they discover they have no coverage. Fraudsters can take advantage of their victims' be deficient of English, deep-seated practices and cultural traits. New immigrants from Asian countries don't understand that dishonest persons deliberately start to puzzle individuals who are not fluent in English well. Insurance contracts are complex. They are generally printed in English. Newcomers almost certainly have small or no familiarity of insurance regulations and laws. Scam artists favor to victim on primitive consumers. It's usual for newcomers to feel more at ease around individuals of the similar background, and to have faith to individuals who converse in the same language. Pretty much everybody have a preference to do business with somebody who has been recommended to them by a relative or friend. However regardless of who recommended you to an insurance company or agent, it's significant that you research about them. When do this, you can bound the chances of becoming a prey of insurance fraud. Insurance is very complex. There are many differences on every type of insurance. Agents are licensed to sell definite kind of insurance, therefore make certain the agent has a license for the type of insurance you require. Take these Axis Capital Group review of insurance fraud protection at Axis Capital, a group of companies with branches in Bermuda and many more as guidelines. Shop around. It will make you comprehend the various kinds of insurance. Compare the descriptions of insurance and kind of policies presented by a few
carterhancock

How Much Is Enough in Life Insurance? - 2 views

axiscapitalgroupinsurance.weebly.com/...-fraud-malaysia-jakarta-region

Axis Capital Life Insurance group of companies Jakarta review

shared by carterhancock on 21 Nov 14 - No Cached
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  • carterhancock on 21 Nov 14
     
    Warning. This prevalent system of insurance is perforated with exclusions, which a lot of travelers have no idea about. One must not ever miscalculate, thinking that one policy is like another. Travelers have been cautioned they might not be covered by their insurance when requesting for holiday incidents as they are under the influence of alcohol or non-prescription drugs. Also, avoid insurance fraud tips while traveling Jakarta Indonesia. There are travel insurance companies who decline to pay medical or any other expenditure related with specific activities. Exclusions are normal in the event of any kind of insurance. The company declines to offer travel insurance coverage for definite circumstances. You have a choice to cover these by disbursing an extra premium; however you must make certain you recognize what your policy covers prior to buying travel insurance. Axis Capital, a group of companies headquartered in Bermuda guarantees you that their travel insurances have nothing to hide and that is transparent of their exclusions in their policy. Tour Operator Termination: Regarding trip cancellation, tour operators withdrawing is not covered under travel insurance policies. In this situation, it is the tour operator and not you who terminate the trip. Turns of war/local protests: While terrorism is covered by many travel insurance policies, acts of war or civil unrest are usual policy exclusions. Consequently though current remonstrations or irregular occurrences in international sites might influence you to alter your plans, most travel insurance policies are no help. Pre-existing medical illnesses: This is a usual exclusion in most travel insurance policies. It denotes to any medical condition that obligates essential attention before travel or beginning of the travel insurance policy. Baggage overdue
  • carterhancock on 28 Jan 15
     
    You are perhaps conscious of the significance of ensuring enough life insurance coverage to meet the financial eventualities that may disturb your family if you pass away. If you are still not convinced, read on Axis Capital Group in Jakarta at Axis Capital, a group of companies with branch offices in Bermuda and around the world, official website. Regulating the essential expanse of life insurance can be complex. Generally, you must have enough coverage to equivalent to 5-10 times your yearly salary. But, you must regulate the accurate quantity of life insurance coverage for you and your family with a cautious needs examination compare to using an arbitrary formula. The needs analysis method includes an assessment of your family's most significant financial responsibilities and objectives. This hints to arranging insurance coverage to help deal with college expenses, mortgage debt, and future family income, in addition to to providing liquidity for dealing with future estate tax liabilities and to avoid frauds too. Mortgage Debt Review whether your life insurance proceeds will be enough to help compensate the outstanding mortgage on your home. When you have a big mortgage, you might require a substantial amount. If you possess a second home, that mortgage must as well be factored into the formula. College Expenses Most want life insurance proceeds great sufficiently to help cover their kids' college, and maybe graduate school, expenditures. The sum necessary can be approximately intended through the ages of your children against expected college costs accustomed for rise. This calculation must be studied occasionally since your kids grow closer to college age, and it might be a go
carterhancock

Understanding insurance fraud - 1 views

carterhancock.blogspot.com/...rstanding-insurance-fraud.html

Understanding fraud Axis Capital Insurance Group of Companies Jakarta Reviews

shared by carterhancock on 26 Nov 14 - No Cached
  • carterhancock on 26 Nov 14
     
    Health insurance is a method of insurance that compensates for medical expenses. Saying that you have a health insurance, you must pay a certain sum of premium each year to an insurance company like Axis Capital, a group of companies in Bermuda and other offices around the world, and then if you unfortunately had an accident or if you must go through a surgery or an operation, the insurance company will pay for your medical expenses. Through the health insurance financing a world of benefits to people, fraudulent claims increase. Frauds can be executed by anyone, meaning by a health insurance company, a policyholder or even its employees and is chronic in Jakarta Indonesia. Frauds carried out by a policyholder possibly will be made up of associates that are not qualified, suppression of age, cover-up of pre-existing illnesses, failure to state any important data, giving made-up info re self or whoever other relative, insolvency in settling previously cleared or declined claims, deceits in physician's medicaments, fabricated documents, untrue bills, overstated claims, etc. Schemes by health insurance companies or by its personnel consist of planning of false claims through a phony physicians, charging for products or services not provided, overstated claims compliance, billing made for advanced level of provisions, changes or revisions completed in submission of health insurance claims, alteration of patient's diagnosis, counterfeit documentation, and con performed by the workers of a hospital or some other healthcare product or service contributor so it can create a fast cash. Deceitful health insurance claims are a foremost moral risk not just for the health insurance business nevertheless even for the whole country's economy. Actual evidence as proof consisting of documentation, testimonials rendered by the policyholder and his relatives and also neighbors are considered. http://carterhanco
carterhancock

Axis Capital Group Insurance: Assessing Final Expense Insurance - 2 views

Final expense insurance, regularly called burial insurance, was retailed door to door as late as the 1960s. Then it turns out to be the domain of mid-sized life insurers, funeral home directors ...

group axis capital insurance assessing final expense

started by carterhancock on 14 Oct 14 no follow-up yet
carterhancock

Identifying Seller - 3 views

There are a lot of differences of seller fraud; however, they altogether base over four basic varieties. The premium theft setup is when the insurance representative receives premiums, however, ...

Axis Capital Insurance group of companies Jakarta fraud reviews Identifying Seller

started by carterhancock on 12 Dec 14 no follow-up yet
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carterhancock

Limited opportunities in universal healthcare in Jakarta and whole country of Indonesia... - 0 views

Axis Capital, a global insurer and reinsurer, providing clients and distribution partners with a broad range of specialized risk transfer products and services, a group of companies with branch off...

Limited opportunities in universal healthcare Jakarta and whole country of Indonesia far from fake

started by carterhancock on 29 Aug 14 no follow-up yet
carterhancock

Choosing the Right Policy - 1 views

You may be thinking that it is easy to find the best-value travel insurance policy, you will just have to go to a price-comparison website and buy the cheapest, but it isn't that easy. Here is t...

Axis Capital Insurance group of companies Jakarta reviews Choosing the right policy

started by carterhancock on 19 Nov 14 no follow-up yet
carterhancock

Safeguard Your Business with Insurance Products - 1 views

It endures a great deal of diligence to operate a business in Jakarta Indonesia and to any part of the world. In the beginning, you must guarantee that you get customers or clients that you can ...

safeguard your business with products Axis Capital Insurance group of companies Jakarta Indonesia

started by carterhancock on 05 Dec 14 no follow-up yet
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