According to this article, Gary Henning said \”Applying a security freeze to insurers would have little benefit since it is difficult to imagine a scenario where an identity thief would attempt to buy an automobile or homeowners insurance policy for monetary gain.\” I find it hard to believe anyone who works in insurance would make such a statement. I work as a claims examiner, & we receive many fraudulent claims. More and more we see that not only are individual claims being presented fraudulently, but that the entire policies were purchased fraudulently for the sole purpose of staging losses & making liability claims. Sometimes, we have to run searches to find the alleged insureds long after the policy cancelled, (usually because they don\’t live at the addresses on the policy) and when we find the real people whose info was used, we find out they never purchased policies from us and were victims of identity theft. Potential insured\’s have to give a lot of personal, identifying info to buy policies–dates of birth, ss#\’s, driver\’s license #\’s, etc. These items should be confidential & proof of identity. However, the ones who commit identity fraud can do so because there are too many businesses out there running credit & other reports unnecessarily, which are then obtained & used to commit identity fraud. There is no \”credit risk\” to insurers, as policies cancel if the insureds stop paying, so they should not be running credit reports. There are better ways to identify people that better protect the confidential info needed. Meanwhile, credit reports generate paperwork & the more paperwork there is on a person, the more easily their personal info can be accessed and stolen.
Statistics via the Federal Trade Commission indicate that only 26% + or â€â€Ŕ are a result of credit breeches. This proposal appears to harm consumers to a greater degree than it protects. The time is here to define identity theft in other than credit terms as it is a much bigger issue that requires access to legal protection for the consumer.
http://wserver0.prepaidlegal.com/Multisite/Multisite?site=idt&assoc=ampeters – this site has the real answer, a product that is offered through the number one risk consulting company in the world Kroll Background America. This product not only monitors the smaller percentage of financial crisis according to the FTC but also provides full criminal background sweeps, DMV sweeps, Clearinghouse sweeps, SSI benefit sweeps, MBI (medical) cks, to insure that you are not a victim of any of the above. And, to boot they will restore to you your good name if it ever happens to you with one of their licensed investigators for as little as $9.95 a month. All basis covered and the best part is, this company never sells your info to anyone unlike the big guys who seemingly love to turn lemons into lemonade, as if Bank fees weren\’t enough.
According to this article, Gary Henning said \”Applying a security freeze to insurers would have little benefit since it is difficult to imagine a scenario where an identity thief would attempt to buy an automobile or homeowners insurance policy for monetary gain.\” I find it hard to believe anyone who works in insurance would make such a statement. I work as a claims examiner, & we receive many fraudulent claims. More and more we see that not only are individual claims being presented fraudulently, but that the entire policies were purchased fraudulently for the sole purpose of staging losses & making liability claims. Sometimes, we have to run searches to find the alleged insureds long after the policy cancelled, (usually because they don\’t live at the addresses on the policy) and when we find the real people whose info was used, we find out they never purchased policies from us and were victims of identity theft. Potential insured\’s have to give a lot of personal, identifying info to buy policies–dates of birth, ss#\’s, driver\’s license #\’s, etc. These items should be confidential & proof of identity. However, the ones who commit identity fraud can do so because there are too many businesses out there running credit & other reports unnecessarily, which are then obtained & used to commit identity fraud. There is no \”credit risk\” to insurers, as policies cancel if the insureds stop paying, so they should not be running credit reports. There are better ways to identify people that better protect the confidential info needed. Meanwhile, credit reports generate paperwork & the more paperwork there is on a person, the more easily their personal info can be accessed and stolen.
Well said! Identify theft is a crime of opportunity and the few opportunities to access credit info, for whatever purpose, the better.
Statistics via the Federal Trade Commission indicate that only 26% + or â€â€Ŕ are a result of credit breeches. This proposal appears to harm consumers to a greater degree than it protects. The time is here to define identity theft in other than credit terms as it is a much bigger issue that requires access to legal protection for the consumer.
http://wserver0.prepaidlegal.com/Multisite/Multisite?site=idt&assoc=ampeters – this site has the real answer, a product that is offered through the number one risk consulting company in the world Kroll Background America. This product not only monitors the smaller percentage of financial crisis according to the FTC but also provides full criminal background sweeps, DMV sweeps, Clearinghouse sweeps, SSI benefit sweeps, MBI (medical) cks, to insure that you are not a victim of any of the above. And, to boot they will restore to you your good name if it ever happens to you with one of their licensed investigators for as little as $9.95 a month. All basis covered and the best part is, this company never sells your info to anyone unlike the big guys who seemingly love to turn lemons into lemonade, as if Bank fees weren\’t enough.