Anti-Fraud compliance for the industry has become an extremely complex issue. The National Coalition for Insurance Fraud estimates that approximately 80 billion dollars per year is lost to the American economy to various types of insurance fraud. In response to these high fraud costs, State and Federal Legislators, as well as State Regulators have enacted numerous new Anti-Fraud statues and regulations in the past 10 years.

These Anti-Fraud initiatives mandate insurance companies to become more aggressive in rooting out and reporting insurance fraud. Carriers that fail to comply or do not sufficiently do so find themselves liable for fines as well as other disciplinary actions. SIU Compliance Solutions, Inc. provides cost-effective programs which meet or exceed regulators requirements.

 


SIU Compliance Solutions offers a variety of services which are listed below. SCS can be retained for one, many or all offered services according to client needs. SCS carries a 3 million dollar liability and E&O policy. All of SCS's staff exceed all state qualifications and training requirements. SCS staff members are always available to answer specific Anti-Fraud questions to industry members without charge. References are available upon request.

Please address proposal requests to jscott@siucompliance.com or call 800-525-4757

Details of Services