Mitigating Insurance Fraud

Insurance fraud is an issue of concern to all insurance companies. Common frauds include "padding" or inflating actual claims; misrepresenting facts on an insurance application; submitting claims for injuries or damage that never occurred; and staging accidents. Allstate has a team of over 500 Special Investigative Unit (SIU) employees dedicated to detecting, investigating, prosecuting and deterring fraud. Located countrywide and representing all our product categories, these investigative experts perform audits on providers, collaborate with Allstate underwriters on rate evasion and proper pricing and team up with agency owners and law enforcement. Specialized fraud analysts help us detect and understand regional and national trends, and explore new tools to enhance Allstate's competitive advantage. In 2008, our SIU results included the filing of 15 actions in excess of $32 million claimed in damages. Allstate collected over $8 million in fraud restitution during the year.