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EDISON BLOG

Archive: November 2022

International Fraud Awareness Week: Know the Facts

Practically every year, fraud against businesses and individuals increases.  Companies lose at least 5% of their revenue annually to fraud.  This fraud is paid back by consumers on every transaction – including your insurance premium. Learn more about insurance fraud with us. 

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Hosting the Holidays: Tips to Prevent Accidents

Holidays can be a time of hosting fun celebrations with family and friends at home. Amidst the holiday cheer, homeowners should take measures to prevent accidents from occurring. According to NFPA, in 2019, the three leading dates for home structure fires caused by cooking were: Thanksgiving, Christmas Eve, and Christmas Day. Follow some of these holiday hosting tips to prevent accidents from occurring in your home.

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Types of Insurance Fraud

The National Insurance Crime Bureau reports: about 10% or more of property-casualty insurance claims may be fraudulent. These crimes add up to billions of dollars in fraudulent insurance claims every year. Even if you haven’t suffered a direct loss, you are still a victim of insurance fraud because it causes higher insurance premiums for all of us, raising taxes, and inflating prices for consumer goods. Read about three of the most common insurance related fraud below.

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