iMapData, a BrandPartners Group Inc. company, announced that it has established a partnership with the National Insurance Crime Bureau (NICB) to create and market products to fight insurance fraud.
It also announced the availability of CATfraud, the first product introduced to the marketplace by this partnership.
The long-term vision of the NICB partnership is to create a variety of fee-for-service products for NICB members to help them more effectively prevent, detect and deter specific types of insurance fraud. The partnership’s introductory offering, CATfraud, is an interactive geographically based product that enables claims adjusters and fraud investigators to identify potential fraudulent catastrophe and weather-related claims.
CATfraud displays five categories of weather events (earthquake, flood, wind, tornado and hail) with daily updates indicating the previous day’s events.
Delivered to member company computers, CATfraud can show weather events at national, regional, city or street address levels and allows users to enter claim addresses to verify the presence of catastrophe or weather-related claims submitted to NICB member companies in the same area.
Topics Mergers & Acquisitions Fraud
Was this article valuable?
Here are more articles you may enjoy.
Husband and Wife Insurance Brokers Sentenced for Fraud Scheme 
Insurer Interest in AI Exclusions Growing as Risk Becomes Omnipresent 
Florida’s Share of Claims Lawsuits Now About Half of 2020 Numbers, Data Show 
London Broker Howden Plots Giant Capital Raise on IPO Path 
