Business Wire·Nov 19, 2025, 9:00 AM ET

Travelers Shares Strategies to Help Protect Businesses and Consumers from Insurance Fraud

Travelers highlights strategies to combat insurance fraud during International Fraud Awareness Week, noting the threat costs Americans $308.6 billion annually.
A Travelers survey reveals businesses fear medical provider schemes, digital scams, & employee fraud, while consumers worry about contractor fraud & staged car accidents.
Pranay Mittal of Travelers Investigative Services states that fraud increases costs & undermines trust, urging education & prevention tools to secure the marketplace.
David J. Glawe of the National Insurance Crime Bureau emphasizes the need for partnerships among insurers, law enforcement, & regulators to fight sophisticated criminal schemes.
Travelers advises businesses to train employees, enhance security monitoring, partner with insurers for intelligence sharing, & establish post-accident best practices like rapid documentation.
Consumers are urged to verify third-party credentials & maintain honesty & transparency when filing claims.
Travelers Investigative Services offers specialized support to detect & prevent fraud throughout the claims life cycle.
Travelers, a Dow Jones component, reported over $46 billion in revenue in 2024 & employs more than 30,000 people.