McConnell Law Firm, P.A.’s Post

Fraud in the insurance industry is like a fart that smells but cannot be seen, the industry needs to improve quickly if you don't want to bleed continuously, this fraud series is conveyed as part of the warning to the industry and those of you who work in it.

As we know, insurance fraud is a multi-billion-dollar problem, but did you know that 95% of open claims are left vulnerable for potential fraud due to time-intensive, siloed processes? Tom Rasmussen discusses how to combat this by using proactive solutions and looking at the bigger picture in this new article here: https://lnkd.in/gt5iWpXz

Insurance fraud is not something that just happens in the movies, the insurance industry has witnessed some of the most creative, bizarre, and tragic cases of insurance fraud, which have left the industry reeling. Unfortunately, this has a domino effect because insurance companies are then forced to hike their premiums to financially recover from these losses. That ultimately hurts the insured who cannot afford to pay escalated premiums. Prevent the risk of Insurance fraud with us: https://lnkd.in/gFXJ5g9p #InsuranceFraud #FraudPrevention #InsuranceClaims #FraudAwareness #InsuranceIndustry

The newest edition of our South African publication, the Big Read Book series focuses on insurance fraud, exploring the topic from two different perspectives: fraud committed by insured individuals, and fraud occurring within insurance companies. Read the latest edition here: https://ow.ly/F2io50Up1Ec

Be sure to bookmark NICB's Medical Fraud Resources site - Videos, Tips, Common Schemes, Graphics, and Handouts, along with a side-list of other resources available on their site. #investigations #analytics #insurance #claims #fraudprevention

Though it unfolded two weeks ago, the repercussions of insurance fraud continue to resonate. Stay informed about recent developments in the insurance industry and ensure you're equipped to navigate potential risks. #InsuranceFraud #IndustryInsights

Fraud can come up in the sneakiest ways. Once, a former employee rigged an insurance policy's start date so her friend could claim an accident that happened before the policy even started. In another case, just hours after a client checked their fire insurance, their 'empty' house mysteriously went up in flames. Despite paying out, I couldn’t shake the feeling something was off. Repost this if it opened your eyes to the realities of insurance fraud. #InsuranceFraud #EmployeeMisconduct #FireClaim #BackdatedInsurance #VacantPropertyClaim #IntentionalDamage

Spot the Fraud: Insurance Edition #2 🚨 Think you can spot a case of insurance fraud as it's happening? 🚨 Comment below with your answer and why! 🗯️👇 After a storm, a contractor shows up at your door offering immediate repairs for cash upfront and no paperwork. 🏚️💸

Florida’s insurance company fraud investigations have led to a growing crisis of public trust, with some absurd twists. Explore the ongoing issue in our latest post. https://hubs.ly/Q02Rm9Wt0 #InsuranceFraud #PublicTrust #FloridaInsurance

Don’t fall for insurance fraud! Our blog this month shows how YOU can help reduce fraud in Florida and the high cost of homeowners premiums: https://lnkd.in/gGAGzzKT #FraudAwareness #ProtectYourself #BeInformed #FloridaHomeowners #FloridaPeninsula