Employee dishonesty is more prevalent than we’d like to admit. Let’s face it: No one wants to think that one of their hand-picked employees may be stealing from them or cheating them. Yet it happens more often than we’d think. Keep reading to learn how to spot red flags with these steps to prevent business… Read More
Stories
Putting the brakes on auto fraud and theft [infographic]
Is your business vulnerable to auto fraud and theft? Each year, our industry experiences losses of approximately $12 billion to auto fraud and theft, split down the middle: $6 billion in auto theft and another $6 billion in fraudulent or inflated auto injury claims. Even if your commercial clients own no vehicles in their businesses,… Read More
Auto “losses” from a convicted felon
The insured claimed he was held up by gunpoint at his business. He claimed he was hogtied and pistol-whipped; then the suspects stole four vehicles from his auto repair shop, including one of his personal vehicles. He did not call the police to respond to his business but drove himself to a local police station… Read More
Recreational vehicle false claim
The insured claimed he had a plumbing leak in his bathroom that required repair. He filed an Additional Living Expense (ALE) claim, stating that he only had one full bathroom with a tub and shower; therefore, he argued, he would need to rent a recreational vehicle in order to bathe while repair work was being… Read More
Who was driving that truck?
This commercial auto loss was reported by the claimant who claimed that a truck trailer’s door blew open, causing damage to a parked and unoccupied vehicle owned by the claimant. The claimant provided a photograph of an insurance identification card referencing the insured and a vehicle that is listed in the schedule of covered autos… Read More
IS has joined Davies
Brown & Brown, Inc. announces sale of certain third-party administrator businesses and enters into long-term strategic relationship with Davies Group Ltd. DAYTONA BEACH, Fla., October 31, 2023 – J. Scott Penny, chief acquisitions officer of Brown & Brown, Inc. (NYSE:BRO), today announced an agreement with Davies Group Ltd. (“Davies”) that includes the sale of four… Read More