www.finance.yahoo.com, May 23, 2022

Proclamation Declares May 23-27, 2022 as Contractor Fraud Awareness Week

DES PLAINES, Ill., May 23, 2022 /PRNewswire/ -- The National Insurance Crime Bureau (NICB), the insurance industry's association dedicated to predicting, preventing, and prosecuting insurance crime, is excited to announce that Maryland Governor Larry Hogan has signed a Gubernatorial Proclamation declaring May 23-27, 2022 as Contractor Fraud Awareness Week in the state.

The NICB announces that Maryland Governor Hogan has declared May 23-27 as Contractor Fraud Awareness Week.

"The proclamation signed by Governor Hogan is not only an honor for NICB but serves as a reminder that post-disaster contractor fraud is something we all need to understand better to combat," said David J. Glawe, president and CEO of the NICB. "Contractor fraud costs homeowners and insurance companies billions of dollars each year as deceitful contractors follow well-rehearsed scams to prey on disaster victims. With this Proclamation, we can bring greater awareness to post-disaster fraud and what Marylanders can do so they don't end up being victimized twice."

The Proclamation encourages Maryland residents to get at least three written estimates from potential contractors following a disaster, check contractor credentials, and work closely with their insurance companies during the rebuilding process.

"Property owners are most vulnerable right after a disaster has occurred and when help is most needed.  We urge consumers to use common sense when hiring a contractor.  Be wary of unsolicited contractors that show up at your door, offering to manage your insurance claim and promising you insurance coverage for specific repairs or replacements," warned Insurance Commissioner Kathleen A. Birrane. "If it sounds too good to be true, it probably is.  Honest contractors play an important role in assessing your damage and providing the estimates and information necessary to help you make your insurance claim. But only licensed public adjusters are authorized by law to negotiate that claim with your insurers.  If you have questions about what your contractor is promising or if you encounter any problems with your insurer over a claim, call us – the MIA is here to help you." Continue reading