Griffith Insurance Education Foundation Seminar August 19, 2011 Joe Wehrle, President & CEO 1.

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Presentation transcript:

Griffith Insurance Education Foundation Seminar August 19, 2011 Joe Wehrle, President & CEO 1

Industry estimates that fraud against property and casualty insurers cost Americans $30 billion per year… or in other words: $82.2 million a day $3.4 million an hour $57 thousand a minute $951 a second Insurance Fraud Insurance Fraud 2

1,100 P&C insurance companies, rental car companies, and self-insureds 100-year history of established cooperation with federal, state and local law enforcement agencies Non-profit organization - Corporate Headquarters – Des Plaines, Illinois Employees M Revenue - ROI 8:1 NICB Key Facts 3

Data Analytics Investigations Training Legislative Advocacy Public Awareness NICB Disciplines 4

Place text, bullets, photos, etc., here beneath line NICB Business Model 5

6

Information Sharing Vital to fight fraud Speed and timeliness of files to NICB NICB familiar with the differing jurisdictional requirements of Law Enforcement 7

Investigations Investigations 8

National Organization 9

Priorities Medical Fraud Commercial Fraud Vehicle Crime 10

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