Uncovering Fraud in Commercial/Multifamily Lender-Placed Insurance
| Member Price | $0.00 |
| Non-Member Price | $399.00 |
About the Event
In this webinar on commercial/multifamily lender-placed fraud, we will explore the key tactics used by fraudsters to exploit the insurance process, including misrepresenting the condition of a property and providing false information during a claim. These deceptive practices often result in inflated insurance payouts or the approval of claims for damages that do not exist, ultimately placing financial strain on lenders and insurers.
Additionally, speakers will address the abuse of automatic coverage endorsements, where policyholders may fraudulently use these provisions to secure coverage they are not entitled to, leading to significant risk exposure. Understanding these fraudulent schemes and implementing proactive detection measures is critical for safeguarding investments and ensuring the integrity of the insurance process.
Date/Time
- Tuesday, April 15 (2:00 PM - 3:00 PM ET)
Objectives
- Identify key tactics used by fraudsters to exploit the insurance process in commercial/multifamily lending
- Analyze the impact of these fraudulent practices on the financial stability of lenders and insurers
- Evaluate the risks associated with automatic coverage endorsements and how they can be abused by policyholders
- Learn about proactive detection measures that can be used to safeguard investments and ensure the integrity of the insurance process
- Discuss strategies for mitigating financial strain caused by fraudulent claims
Who Should Attend?
- Insurance Directors
- Risk Managers
- Commercial Servicers
- Loan Closers and Underwriters
Experience Level
- Entry-Level
- Intermediate
Speaker(s)
- Gretchan Francis, Managing Director, InsureMAC
- Mike Smith, Executive Vice President, Specialty Lending Practice, Alliant Insurance Services, Inc.
- Mike Van Eerden, President, Marjan Corporation
- Nick Yuhas, Senior Vice President & Managing Director, Althans Insurance Agency