Claim Frequency Increasing

by DanWilliams » Thu Mar 11, 2010 01:04 pm

I haven't seen it in my office but I wonder if claim frequency has been on the rise with all of the financial crisis/foreclosures, etc in the country? Anyone have any info.?

Total Comments: 1

Posted: Thu Mar 11, 2010 10:52 pm Post Subject:

I don't know about claims frequency being any more, but I can tell from someone that has been in this biz over 20 years, that I have NEVER seen as much fraud, or attempted fraud, by 'nice' folks, in my life. It started about a year ago...used to be maybe one out of 15 or 20, someone would try something, now I'd says it's well over 50% closer to 60 or 70%, are trying 'something'...never in my career have I seen this amount of fraud.

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