Insurers stepping up efforts to combat fraud

According to a recent article in National Underwriter, www.propertyandcasualtyinsurancenews.com, anti-fraud organizations representing sectors of property and casualty insurance and health insurance are combining efforts to combat fraud. This is good news for small business owners who are annoyed when their insurance companies pay for what they consider illigitamate claims. Not only are insurance rates affected by the number of claims paid out for possible fraudulent activities but individual insured's loss histories are negatively impacted as well. As many of you might know, every claim paid out by your insurer is recorded by them and provided to any future insurance company you wish to do business with. Hopefully this is a sign of future proactive and aggressive attention to this area by insurance companies.

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