Workers expect their defined contribution plans to play a greater role in their retirement income than annuities.
Twin Cities Minneapolis-St. Paul Outpace State
DES PLAINES, Ill., Dec. 12, 2012 /PRNewswire-USNewswire/ -- The National Insurance Crime Bureau (NICB) today released its 2009-2011 Minnesota questionable claims referral reason analysis. Questionable claims (QC) are those claims that NICB member insurance companies refer to NICB for closer review and investigation based on one or more indicators of possible fraud. A single claim may contain up to seven referral reasons. This report analyzes QCs by loss city, core-based statistical area (CBSA), policy type, loss type, policy and loss type combined and referral reasons.
In 2009, there were 977 MN QCs referred to NICB from its member insurance companies. In 2010, the number increased to 1,136 and in 2011, it rose again to 1,278—a 31 percent increase over 2009's figure.
The top five cities in Minnesota generating the most QCs last year were Minneapolis (314), St. Paul (156), Brooklyn Park (39), Bloomington (23), and Coon Rapids (18). The top five CBSAs reporting QCs were Minneapolis-St. Paul-Bloomington, Duluth, St. Cloud, Rochester and Mankato-North Mankato. The top five loss types were: personal injury protection, bodily injury, theft, collision and hail.
The full report is available here.
Anyone with information concerning vehicle theft and insurance fraud can report it anonymously by calling toll-free 1-800-TEL-NICB (1-800-835-6422), texting keyword "fraud" to TIP411 (847411) or by visiting our Web site at www.nicb.org. Or, iPhone or iPad users can download the NICB Fraud Tips app to make it easy to quickly send a tip and get a response
About the National Insurance Crime Bureau: headquartered in Des Plaines, Ill., the NICB is the nation's leading not-for-profit organization exclusively dedicated to preventing, detecting and defeating insurance fraud and vehicle theft through data analytics, investigations, training, legislative advocacy and public awareness. The NICB is supported by more than 1,100 property and casualty insurance companies and self-insured organizations. NICB member companies wrote over $319 billion in insurance premiums in 2010, or approximately 80 percent of the nation's property/casualty insurance. That includes more than 94 percent ($152 billion) of the nation's personal auto insurance. To learn more visit www.nicb.org
SOURCE National Insurance Crime Bureau