Insurers are prosecuting premium fraud, because it’s creating unfair competition for honest businesses unable to compare with cheats reducing their expenses by failing to care for their workers.
Explanation-of-benefit statements, like those mailed to health care insurance patients, could spur more workers’ comp claimants into reporting fraudulent activities.
Cumulative losses from social engineering scams cost billions. Train employees to detect scams and provide a convenient way to report suspicious activity.
Amateur sports leagues are prime victims when it comes to embezzlement, but there are coverages and risk management strategies that can help limit loss.