Good afternoon all! Have you ever been curious about what type of policies produce the most claims that are considered "questionable?" The National Insurance Crime Bureau (NICB) identified the types of policies generating the most questionable claims and their respective number of questionable claims - those that member insurers refer to NICB for closer review based upon indicators of possible fraud for 2008 - 2010. Below you will find the "Top Ten" in reverse order. Please read on for the statistics- you won't be really surprised but you'll definitely notice trends when considering what's going on with the economy.
10. Commercial Property- Business Owners'
- 2008: 249
- 2009: 307
- 2010: 383
9. Personal Property - Fire
- 2008: 370
- 2009: 421
- 2010: 456
8. Commercial Multi-Peril
- 2008: 740
- 2009: 745
- 2010: 697
7. Other Personal Property
- 2008: 566
- 2009: 779
- 2010: 866
6. Personal Automobile - General
- 2008: 1975
- 2009: 1977
- 2010: 2201
5. Commecial Liability - General Liability (CGL)
- 2008: 1812
- 2009: 2526
- 2010: 2312
4. Commercial Automobile
- 2008: 2484
- 2009: 3080
- 2010: 2866
3. Workers Compensation and Employer Liability
- 2008: 3311
- 2009: 3751
- 2010: 3225
2. Personal Property - Homeowners
- 2008: 9023
- 2009: 10,571
- 2010: 11,677
And Number One with a bullet:
1. Personal Automobile
- 2008: 48,995
- 2009: 56,117
- 2010: 62,540