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NEW YORK, Nov. 16, 2022—A live Twitter chat is being conducted on Thursday, Nov. 17, at 1 p.m., ET, as part of International Fraud Awareness Week, according to the Insurance Information Institute (Triple-I), one of the event’s participants.
“Fraud schemes affect all types of insurance in the United States, yet those who have suffered property damage from a natural disaster are most at risk of becoming victims as unethical contractors often seek to take advantage of them and their insurer,” said Loretta Worters, vice president, media relations, Triple-I, who will represent the organization during the Twitter chat.
Insurance fraud is a deliberate deception perpetrated against an insurer for financial gain. Fraud may be committed at different points in the insurance transaction by applicants for insurance, policyholders, third-party claimants such as contractors and public adjusters, or even unscrupulous insurance agents who provide services to claimants, according to Triple-I.
Common insurance fraud schemes include “padding,” or inflating actual claims, misrepresenting facts on an insurance application, submitting claims for injuries or damage that never occurred, and “staging” auto accidents.
Co-hosted by The New York Alliance Against Insurance Fraud and the Coalition Against Insurance Fraud, the 2nd Annual International Insurance Fraud Twitter Chat will include insights from Triple-I as well as experts from insurers, trade groups, and governmental agencies.
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