NICB: Third Quarter 2013 Questionable Claims Increase 24% from 2011

November 18, 2013

The National Insurance Crime Bureau released its third quarter 2013 questionable claims (QC) referral reason analysis. The report examines six referral reason categories of claims—property, casualty, commercial, workers’ compensation, vehicle and miscellaneous—for the third quarters of 2011, 2012 and 2013.

Questionable claims are claims that NICB member insurance companies refer to NICB for closer review and investigation based on one or more indicators of possible fraud.  A single claim may contain up to seven referral reasons. The volume of QC referrals can increase or decrease over a given period of time and may be caused by a number of factors, including better reporting by the industry and an increase or decrease in fraudulent activity, etc.

During the first three quarters of 2011, there were 74,944 QCs referred to NICB. During the first three quarters of 2012, that number increased to 87,684 and it increased again during the first three quarters of 2013 to 93,053. Overall, comparing the first three quarters of 2011 to the first three quarters of 2013, the numbers of QCs increased 24 percent.

Although most categories of QCs saw increases in the third quarter, only one, the commercial category, posted a decrease. It was down 13 percent in the third quarter from the previous quarter.

 

Subscribe Like this article?
Subscribe to our free email newsletter.

Latest Comments

  • November 18, 2013 at 7:18 pm
    glf4mny says:
    Has there ever been a claim filed with an insurance company that wasn't questionable? They love the premiums and hate the losses.

Add a Comment

Your email address will not be published. Required fields are marked *

*

More News
More News Features