Order Courses
Fraud is a serious problem, and it accounts for 20% of the claims costs for every one out of three insurers. The principle way to combat this waste is by detecting fraud before claims are paid — one of the many reasons why anti-fraud training and fraud prevention training are so important for insurers and their employees.
Some form of anti-fraud training is also required in nearly 20 states. Along with D.C., states that require some form of anti-fraud training for insurance employees include California, Colorado, Florida, Kentucky, Louisiana, Maryland, Maine, Minnesota, New Hampshire, New Mexico, New York, Ohio, Pennsylvania, Tennessee, Utah, Vermont, and Washington. Other states may have additional requirements relating to fraud prevention in place to help protect against fraudulent claims.
Whether your state requires anti-fraud training for insurance employees or not, know that training in fraud prevention and detection is not only smart, it saves your company money.