Internal Nationwide Insurance Documents Confirm CIC’s Anti-Fraud Committee’s Finding (and should be an embarrassment to its leadership).
Unless you pay absolutely no attention whatsoever to your industry, you’ve heard about the scandal that happened at NACE this year when the Anti-Fraud committee from CIC wanted to release the results of a survey they did that showed widespread insurer fraud in the form of under written estimates. The result of this fraud is probably billions of dollars stolen from policy holders every year, but it is impossible to know for sure because so many people never get their vehicles repaired. Insurers think that just because a person decides not to repair the vehicle they should not be entitled to the entire loss.
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