Workers comp: The ‘Volunteer’
A common fraud in the WC insurance space is undercounting or overcounting “volunteers”. In most states, volunteers are not automatically covered by […]
Class code chicanery
A common underwriting fraud in WC is allocating employees to the wrong class code. For example, an auto repair shop saying they […]
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 […]
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. […]
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 […]
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.. […]
Wrong Address
One common form of rate evasion in Auto is when a different, lower risk address is given during the quoting process. Even […]
