"Effective implementation of this Task Force will have very positive influence on our company, customers, and the industry; by cutting cost of insurance and reducing unnecessary claim service times,"
Chicago, Illinois (PRWEB) October 03, 2012
Leader of the auto insurance in Chicago and other members of the auto insurance community expressed their excitement from the pending Illinois House Resolution 1107, which calls for the creation of the Illinois Insurance Fraud Task Force. The Task Force is directed to investigate the issue of fraud in the property casualty as well as the medical insurance fields in the State. The Resolution also provides that the Task Force has until August 30, 2013 to report its conclusions and suggestions to the House of Representatives.
"Insurance fraud is normally fought by state multi line insurance fraud bureaus. But Illinois is one of the few states that do not have this kind of bureaus. Thos states depend extensively on the special investigation units (aka SIUs) provided by private sector to spot and prevent fraudulent insurance claims," said Ed Snenneh, of Insurance Navy, a leading insurance agency in the car insurance in Chicago Illinois.
Earlier this year, Pekin Insurance, an Illinois based multi line insurance company announced that it s claim department has developed a Special Investigations Unit (SIU) to identifying and fighting all insurance fraud. According to a statement issued by Pekin, insurance fraud is big business costing Americans an estimated $30 billion per year. Fraudulent auto insurance claims account for a considerable part of all claims received by insurers.
"Effective implementation of this Task Force will have very positive influence on our company, customers, and the industry; by cutting cost of insurance and reducing unnecessary claim service times," Mr, Snenneh said. "Reducing cost of insurance and claim service times means passing the saving to the customers by lowering premiums."
Mr. Snenneh urges Illinois insurance agents to call their State Representatives to express their support of Resolution 1107.
About Insurance Navy
Insurance Navy is a primary providers of property, casualty, life and health insurance for residents of Illinois and Indiana. The agency has several sales and services offices throughout the Chicagoland and Northwest Indiana areas. The primary focus of the Agency is low cost auto insurance, Illinois SR22 insurance, business insurance, and life and health insurance.