Vehicle sightings put the brakes on pre-existing damage claims. At least 10% of property and casualty claims are fraudulent, and the public is paying for it to the tune of $30 billion per year. In 2015, Texas alone reported 13K fraud reports worth over $8 million dollars. Among the many
If policy holders are OK with committing Garaging Fraud, what else are they OK with? How useful is it to identify garaging fraud in personal auto? This question comes up often in my conversations with carriers. If you find garaging fraud, is it worth chasing the premium if it chases
Vehicle location data may be the missing link you need. Arson set fires were up 10% in 2014, according to the National Fire Protection Association (NFPA). In 2014, arsonists were responsible for $729 million in property damage including fires at factories, residential buildings and churches and in motor vehicles. Even
Why your new Best Practice should be using vehicle location data to reduce charge-offs. Insanity is doing the same thing over and over again and expecting the same results. Yet, that’s exactly what we are seeing with many auto lenders who turn to us for help. They employ the same
Vehicle location data gives insurance carriers a new, effective tool for locating stolen vehicles. While the number of auto thefts were down slightly in 2014, losses due to motor vehicle theft still came in at a hefty $4.5 billion. Just when you think you have outsmarted thieves, they come up
Insurance PI’s Say DRN’s Data Flat Out Helps Resolve Cases While SIU’s have shared the many ways they use DRN’s vehicle location data, they aren’t the only Insurance professionals who can’t imagine doing their job without our data. Private Investigators tell me that DRN’s location data has proven essential in
My first experience with adverse selection was soon after a friend moved into a new house. He received a call from a neighbor letting him know that Sears had mispriced their fertilizer from $20 a bag to $2 a bag. Every neighbor and friend got the call or passed the
Garaging Fraud Drives Out of State Losses I know from speaking with SIUs across the country that unless they are tipped to a garaging issue, they will typically not look for a garaging fraud in the normal course of their duties. The only exception is when there is an out
Vehicle sightings put the brakes on pre-existing damage claims. At least 10% of property and casualty claims are fraudulent, and the public is paying for it to the tune of $30 billion per year. In 2015, Texas alone reported 13K fraud reports worth over $8 million dollars. Among the many
If policy holders are OK with committing Garaging Fraud, what else are they OK with? How useful is it to identify garaging fraud in personal auto? This question comes up often in my conversations with carriers. If you find garaging fraud, is it worth chasing the premium if it chases
Vehicle location data may be the missing link you need. Arson set fires were up 10% in 2014, according to the National Fire Protection Association (NFPA). In 2014, arsonists were responsible for $729 million in property damage including fires at factories, residential buildings and churches and in motor vehicles. Even
Why your new Best Practice should be using vehicle location data to reduce charge-offs. Insanity is doing the same thing over and over again and expecting the same results. Yet, that’s exactly what we are seeing with many auto lenders who turn to us for help. They employ the same
Vehicle location data gives insurance carriers a new, effective tool for locating stolen vehicles. While the number of auto thefts were down slightly in 2014, losses due to motor vehicle theft still came in at a hefty $4.5 billion. Just when you think you have outsmarted thieves, they come up
Insurance PI’s Say DRN’s Data Flat Out Helps Resolve Cases While SIU’s have shared the many ways they use DRN’s vehicle location data, they aren’t the only Insurance professionals who can’t imagine doing their job without our data. Private Investigators tell me that DRN’s location data has proven essential in
My first experience with adverse selection was soon after a friend moved into a new house. He received a call from a neighbor letting him know that Sears had mispriced their fertilizer from $20 a bag to $2 a bag. Every neighbor and friend got the call or passed the
Garaging Fraud Drives Out of State Losses I know from speaking with SIUs across the country that unless they are tipped to a garaging issue, they will typically not look for a garaging fraud in the normal course of their duties. The only exception is when there is an out