Griffith Insurance Education Foundation SeminarGriffith Insurance Education Foundation SeminarAugust 19, 2011August 19, 2011

Joe Wehrle, President & CEOJoe Wehrle, President & CEO

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• Industry estimates that fraud against property and casualty insurers cost Americans $30 billion per year… or in other words:

• $82.2 million a day

• $3.4 million an hour

• $57 thousand a minute

• $951 a second

Insurance FraudInsurance Fraud

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• 1,100 P&C insurance companies, rental car companies, and self-insureds

• 100-year history of established cooperation with federal, state and local law enforcement agencies

• Non-profit organization

- Corporate Headquarters – Des Plaines, Illinois- 330 + Employees

- www.nicb.org

• 42M Revenue - ROI 8:1

NICB Key FactsNICB Key Facts

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• Data Analytics• Investigations• Training• Legislative Advocacy• Public Awareness

NICB DisciplinesNICB Disciplines

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NICB Business ModelNICB Business Model

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Information SharingInformation Sharing

• Vital to fight fraud

• Speed and timeliness of files to NICB

• NICB familiar with the differing jurisdictional

requirements of Law Enforcement

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InvestigationsInvestigations

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National OrganizationNational Organization

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PrioritiesPriorities

• Medical Fraud

• Commercial Fraud

• Vehicle Crime

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