Insurance fraud is not new, but it is a growing industry-wide problem. But from an agent’s point of view, one might ask, “What is an agent’s role in detecting possible insurance fraud?” After all, the insurance process starts with the agent who collects information about what is being insured. Until verified or proven otherwise, the agent more or less assumes that the information provided by the applicant is accurate, complete, and reliable. Jewelry insurance: under-appreciated but highly susceptible to fraud.
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