#135. Various insurance companies are committing the ultimate sin.

  National Security Secret  

 CONTENT UPDATED on 03-30-2023 @ 05:44  PM 
#135. Various insurance companies are committing the ultimate sin. 

For insurers, that would be taking the insured at their word or not fully verifying the information provided.

That means:

"Even the information retrieved through computer systems - especially third party - needs to be verified."

What if individuals hacking or stealing data decided to alter it in place instead?  Could 5 different individual's own the same expensive tractor or combine according to a computer?

Yes, they certainly could.

Each and every detail collected should be confirmed before a policy is issued.  Whether an agent is personally involved or not doesn't change that.

Why risk another industry or sector meltdown due to fraud or risky bets?

Gambling isn't a bad comparison to make.

Should those familiar with noise-based or back-masked suggestion decide fraud is just as profitable on the consumer side... a clip played just as easily over the phone as to an agent might be:

[Working on the clip.  Will post when ready.]


 More information will be provided.



Originally posted on 03-30-2023 @ 01:28 AM
Updated on 03-30-2023 @ 05:44 PM

Comments