Help wanted: only the nimble need apply

Article Abstract:

Insurance companies are cross-training employees and cutting back on excess personnel, minimizing job opportunities and widening responsibilities for workers. Forecasts for 2005 predict a 0.5% increase in insurance employees from 1994, well below the growth experienced between 1979 and 1994. Mergers, competition and globalization have forced insurance carriers to demand more of their increasingly versatile employees. Opportunities in managed care companies and technology departments are on the rise.

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Investigating sales force can reduce fraud risks; with fraud costing tens of billions of dollars, insurers should verify the resumes and backgrounds of agents

Article Abstract:

Insurance companies should conduct background investigations on their agents. Such investigations must collect high quality data to be effective, but they can also help insurers reduce fraudulent activities. The Violent Crime Control and Law Enforcement Act requires that companies monitor their employment practices to avoid exposure to criminal liability. The act made insurance fraud a federal crime if it involves interstate commerce.

Insurance Agencies and Brokerages, Insurance agents, brokers, & service, Insurance Agents & Brokers, Management, Investigations, Column, Prevention, Insurance agents, Insurance law, Insurance fraud

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