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Auto Insurance Fraud: Measurements and Efforts to Combat It
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Auto Insurance Fraud: Measurements and Efforts to Combat It
Auto Insurance Fraud: Measurements and Efforts to Combat It
Journal Article

Auto Insurance Fraud: Measurements and Efforts to Combat It

2006
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Overview
This article features a panel discussion on insurance fraud organized by Richard Derrig for the 2005 World Risk and Insurance Economics Congress (WRIEC). The moderator is Richard Derrig. Richard is president of OPAL Consulting LLC, Providence, RI. Richard formed OPAL after retiring in 2004 from the Auto Insurers and Insurance Fraud Bureaus of Massachusetts. The presenters are Beth Sprinkel and Dan Johnston. Beth Sprinkel's presentation is based on the 2002 claim study by the Insurance Research Council. Beth is senior vice president of the American Institute for CPCU and the Insurance Institute of America (the Institutes). The first speaker, Beth Sprinkel, will discuss the results of a study of 2002 closed auto injury insurance claims. Next, Dan Johnston will present the results of ongoing activity concerning insurance fraud in Massachusetts, including an interesting case that has important long-term implications.