Most car owners opt for comprehensive car insurance as it offers full protection. Not only does it comply with motor laws and rules, but it also covers third-party losses or damages and offers some add-on features. Young drivers or those considered high-risk may opt for third-party insurance as an economical way to save money; however, … Read more
The insurance marketplace is changing quickly, as remote jobs are having an increasing impact on the industry. With many firms adopting technology, the chances for remote jobs in the insurance sector keep increasing. So, what exactly is necessary to enter and succeed in remote insurance jobs? The answer is not in understanding the policies and … Read more
The business of insurance has for long contended with the dark underbelly of deceitful activities such as fraud. For instance, every year billions can be lost through fraudulent claims and other dishonest methods that look for and exploit loopholes in the system. As the ages pass, and new advanced technologies are invented, the individuals faking … Read more
The credibility of the workers’ compensation system is threatened by the huge problem of workers’ compensation fraud. Individuals who knowingly cheat or abuse the system to obtain a benefit that they are not legally entitled to receive. Many things can be affected by this type of fraud, including businesses, insurance companies, and the overall effectiveness … Read more
The insurance industry’s shift to remote work has created challenges and opportunities for team leaders. Working remotely gives you more freedom and access to more talent, but it also means you have to figure out new ways for your team to collaborate, communicate, and get work done. To effectively manage a remote insurance team, you … Read more
Insurance fraud is a crime that is not capable of receiving a proportional representation. Still, it goes on and affects millions of people around the world in a given year. Some take advantage of this scenario by making personal injuries even where there is none for the sake of the compensation scheme. It is not … Read more
Well, there is something happening around the world of work in a very unique manner. Giving up about traditional offices, remote jobs have now become the order of the day. Imagine this. You are working from home in your pyjamas while having some coffee on your balcony and talking to clients in other states or … Read more
Most insurance customers do not intend to commit fraud when it comes to negotiations; rather, they may view lying as part of the negotiating process. Soft fraud refers to any fraudulent act committed through deceptive means; examples include inflating an existing claim, falsifying information on an insurance application form, or even inventing policies from scratch. … Read more
Insurance fraud is a severe problem that affects everyone, from policyholders to insurance companies. It’s not just about dishonest claims; it can drive up premiums and lead to higher costs for all consumers. But how do you know if it’s fraud? What would you do if you suspected someone was trying to take advantage of … Read more
Individuals engaging in health insurance fraud typically face criminal charges as it constitutes a felony offense and punishment typically includes fines and jail time in state prison. Fraud can be committed by professional criminals and organized crime groups as well as medical, legal, and business professionals; however, ordinary citizens may also commit insurance fraud crimes. … Read more