The Federal Bureau of Investigation (FBI) estimates insurance fraud to cost in excess of $40 billion each year, with premium diversion at the top of the list. Premium Fraud is the willful misrepresentation of information with the intent of paying less than the appropriate premium for an insurance policy or insurance coverage. “There are always companies and…
As your client’s business operations change, so may their insurance premiums. To make certain they are paying the correct premium amount an audit is commonly performed—requiring a premium auditor with a high degree of expertise, professionalism and understanding of your client’s business. Oftentimes, premium auditors are the only in-person interaction a policyholder experiences with a carrier, making…
Brokers and agents often encounter clients whose businesses expose them to particularly complex and dynamic risks—placing them outside of the standard market appetite. When faced with the challenge of a hard-to-place risk, brokers must understand the exposures their clients face, turn to trusted partners to create tailored coverage solutions, and know the mitigating actions clients…
Fort Collins, Colorado (August 22, 2017) – Afirm, a Fort Collins-based international provider of Risk Mitigation, Loss Control, and Premium Audits within the insurance industry, presented a check in the amount of $11,743 to Realities For Children during the company’s annual Leadership Seminar. Realities For Children provides funding and support to 31 youth agencies through its…
