Workers Comp: Lowballing Headcounts
One common form of rate manipulation in WC is lowballing the employee count at policy inception. While an audit (usually 13 to […]
Solved!
Water Wishful Thinking
Underwriting Assumption: “It says hydrant within 1,000 feet. Good protection class. Let’s move on.” Reality: I drove the street, squinted, then laughed out loud. […]
Solved!
False or Omitted Asset Details
A common underwriting fraud tactic in both Home and Auto insurance is to manipulate auto and home asset details at POS to […]
Solved!
Commercial Use
A common fraud is when a person or business acquires a personal auto policy for vehicles used primarily for non-personal business use.. […]
Solved!
Wrong Address
One common form of rate evasion in Auto is when a different, lower risk address is given during the quoting process. Even […]
Solved!
