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

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

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

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

  2. Insurance Fraud Industryestimates 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

  3. NICB Key Facts • 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 - 330 + Employees - www.nicb.org • 42M Revenue - ROI 8:1

  4. NICB Disciplines • Data Analytics • Investigations • Training • Legislative Advocacy • Public Awareness

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

  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

  8. National Organization

  9. Priorities Medical Fraud Commercial Fraud Vehicle Crime

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