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sandy ingram

Special agent to National Insurance Crime Bureau: "anecdotally the economic recession i... - 0 views

www.claimsjournal.com/...99413.htm

Fraud Insurance Recession FBI Economics

shared by sandy ingram on 09 Apr 09 - Cached
  • the FBI is aligning a lot more investigators to look into actual economic fraud investigations versus insurance fraud investigations.
  • "Fraud bureaus are telling us this, we're hearing it from the state fire marshals, and we're hearing about it anecdotally through news stories. It's clear that as the economy has gone down, the opportunity to commit fraud, to recover monies they think they need, has increased."
  • And with anywhere from $80 billion to $200 billion lost to fraud each year, affecting all lines of the insurance business — health, property, casualty, life and disability — it's no wonder that states are concerned with combating it.
  • ...1 more annotation...
  • NICB has seen a "pretty significant' trend in medical identity theft and provider fraud, according to McKee. This is when someone steals a person's identity, and medical and insurance information, then submits fraudulent bills to the insurance company for treatment the person did not receive. The check goes back to the fraudulent company, and the person is unaware that his or her identity was stolen or is being used for fraud, he explained.
  • sandy ingram on 09 Apr 09
     
    Does a bad economy increase crime? Analysts have debated that question for years, according to Mike McKee, senior special agent for the National Insurance Crime Bureau. While it's too soon for statistics to confirm whether recent events like the mortgage meltdown and an increase in unemployment truly lead consumers to commit more crimes, McKee said at least anecdotally the economic recession is affecting insurance fraud.
sandy ingram

Organisation for Economic Co-operation and Development - WHERE PRIVACY LAW GET'S IT'S QUE - 0 views

www.oecd.org/..._2649_201185_1_1_1_1_1,00.html

Economics Statistics Research OECD cooperation

shared by sandy ingram on 06 Jan 09 - Cached
  • sandy ingram on 06 Jan 09
     
    The economic downturn will hit the Internet economy hard in 2009, according to the latest available OECD estimates. The IT Outlook 2008 says that the IT industry is likely to have grown by 4% at most in 2008 compared to the previous year. But with the outlook for the global economy worsening and business and consumer confidence plumetting, growth will remain flat or decline in 2009.
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