NICB is committed to advancing the values of diversity, equity, and inclusion - READ MORE!

National Insurance Crime Bureau

NICB's 'The Informer' Spotlights Natural Catastrophes and Avoiding Post-Disaster Contractor Fraud

NICB Informer Summer 2021 banner

DES PLAINES, Ill., June 29, 2021—The National Insurance Crime Bureau (NICB), the nation's leading not-for-profit organization exclusively dedicated to combatting and preventing insurance crime, is pleased to release its latest issue of The NICB Informer. The Summer edition focuses primarily on natural catastrophes and post-disaster fraud issues, investigations, and information resources. The publication is aimed at providing insurance industry executives with anticipatory intelligence to help identify risks and emerging threats to the industry.

“As insurance claims increase in the aftermath of a catastrophic event, so, too, does the opportunity for fraud,” said David Glawe, president and CEO of the National Insurance Crime Bureau. “Sadly, many fraudsters prey on disaster victims at a time when they are emotionally devastated and most susceptible to scam artists who present themselves as concerned contractors.”

NICB Informer Summer 2021 Times Square

While spring is notorious for volatile temperatures and tornadoes, summer brings with it the increased risk for hurricanes and wildfires. In 2020, the U.S. experienced 22 separate weather and climate disaster events where overall damages reached or exceeded $1 billion—the highest number on record. The costliest weather events have historically occurred in the second half of the year.

Also in this edition is a story highlighting the threat of cybercrime, noting that organizations fall victim to ransomware every 14 seconds. Part of the problem is the work-from-home environment as security vulnerabilities are more prevalent.

Readers will also learn about how the opioid crisis is affecting insurance rates. NICB has investigated questionable workers’ compensation claims and staged auto accidents for years in relation to the opioid crisis. In short, NICB field agents discovered a common theme: these criminals want money and pills.

“Insurance touches nearly everything we can think of in our day-to-day lives,” added Glawe. “As such, insurance fraud follows closely behind, whether it is in the aftermath of natural disasters, cybercrime, or auto theft and accidents, the list is essentially endless.”

Anyone interested in receiving a free digital copy of The NICB Informer can sign up or send an email to TheNICBInformer@nicb.org to be added to the distribution.

Media Contact

If you have a question, want further information on the NICB, or to discuss insurance fraud or vehicle crime, please contact:

Tully Lehman
Senior Public Affairs Manager
925.758.0744
tlehman@nicb.org

Corey Witte
Interim Vice President of Communications
847.894.2569
cwitte@nicb.org

Or, if you are a reporter and have a request or question, please complete the Media Request Form.

Anyone with information concerning insurance fraud or vehicle theft can report it anonymously by calling toll-free 800.TEL.NICB (800.835.6422) or submitting a form on our website.

About the National Insurance Crime Bureau: Headquartered in Des Plaines, Ill., the NICB is the nation's leading not-for-profit organization exclusively dedicated to combatting and preventing insurance crime through Intelligence, Analytics, and Operations; Education and Crime Prevention; and Strategy, Policy, and Advocacy. The NICB is supported by more than 1,200 property and casualty insurance companies and self-insured organizations. NICB member companies wrote over $530 billion in insurance premiums in 2020, or more than 82% of the nation's property-casualty insurance. That includes more than 95% ($236 billion) of the nation's personal auto insurance. To learn more, visit www.nicb.org.