AAI Backs NCOIL's Antifraud Bill

The Alliance of American Insurers is confident that the National Conference of Insurance Legislators' (NCOIL) recent unanimous adoption of a model insurance antifraud bill will add an effective new arrow to the quiver of law enforcement officials attacking this insidious crime. "Fraud is far from being a victimless crime. It costs consumers dearly through higher insurance costs. The insurance industry spends $650 million annually trying to detect and deter fraud. This total does not count the untold millions in money paid out for undetected fraudulent claims," said Kirk Hansen, Alliance di...