I am curious if this rise in reports of Questionable Claims is a true increase of claims or if more insurance companies are focusing on identifying and reporting QCs. Perhaps a mixture.
Good companies have Special Invistigative Units. There are a lot of good retired cops out there that make good special investigators. With plenty of well capitalized carriers, there is no excuse for not having SIUs.
main reason: a significant number of insureds feel entitled to an “opportunity” to be compensated for the premium paid in the past. Most do not consider padded or bogus claims to be fraud since the big bad insurance companies have their premium money. Second reason: no job, higher prices, coupled with the bad attitude above.
I knew this was coming. Cause of loss, Adjustable Rate Mortgage.
I am curious if this rise in reports of Questionable Claims is a true increase of claims or if more insurance companies are focusing on identifying and reporting QCs. Perhaps a mixture.
Good companies have Special Invistigative Units. There are a lot of good retired cops out there that make good special investigators. With plenty of well capitalized carriers, there is no excuse for not having SIUs.
main reason: a significant number of insureds feel entitled to an “opportunity” to be compensated for the premium paid in the past. Most do not consider padded or bogus claims to be fraud since the big bad insurance companies have their premium money. Second reason: no job, higher prices, coupled with the bad attitude above.