Growing Broker/Carrier Identity Theft Schemes Reaping Millions

“We’ve seen a dramatic increase in identity theft,” says Willie Taylor, director of assurance data management for Crooks can impersonate carriers or brokers. For Taylor, it’s the latter that “scares me most,” he says. “If someone can successfully impersonate a broker, he might quickly cause about $60,000 to $80,000 worth of damage in two, three days.

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