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Crawford & Company: Crawford & Company wins Anti-Fraud Award in Spain

2014-07-29 19:15:00
Ticker Giełda ISIC Kraj Miasto

Crawford & Company wins Anti-Fraud Award in Spain

Crawford rewarded for thwarting bogus ?600,000 claim

MADRID (July 29, 2014) - Crawford & Company is pleased to announce its success

at this year's Spanish Insurance Association awards, taking first prize for its

anti-fraud services.

The Company received the "Loss Adjuster of the Year 2013" award in the category

of Fraud Detection at the ICEA (Investigación Cooperativa entre Entidades

Aseguradoras y Fondos de Pensiones) awards after uncovering a significant

collusive deception that would have cost the insurer hundreds of thousands of

euros in fraudulent claims.

Crawford's investigation resulted from a theft of computer components valued at

approximately ?600,000 (US$830,000). Judges commended Crawford for carrying out

a detailed forensic examination despite obstructions from the claimant, and

eventually revealing how the fraudsters-in collusion with various other parties-

had created false invoices and made a number of suspicious purchases immediately

prior to reporting a theft.

"From the beginning it was an abnormal and unpleasant claim to manage," says

Jesús García Fernández, senior general adjuster, Crawford Global Technical

Services?, Espa?a. "It was problematic to perform a physical inventory of the

store after the robbery, the manager was always accompanied by his lawyer and no

normal communication was possible. With this type of behavior, it was never

going to be easy, but our teams at the Crawford Barcelona office deserve great

credit for their diligence and attention to detail."

Mark Harman, chief executive officer, Continental Europe, Middle East and

Africa, Crawford adds: "This is a fantastic award and richly deserved. This type

of forensic analysis is at the core of our anti-fraud service and the teams

involved in repudiating this bogus claim should be very proud of their efforts

against what is a highly sophisticated criminal enterprise."

About Crawford

Based in Atlanta, Ga., Crawford & Company (www.crawfordandcompany.com) is the

world's largest independent provider of claims management solutions to the risk

management and insurance industry as well as self-insured entities, with an

expansive global network serving clients in more than 70 countries. The Crawford

Solution(SM) offers comprehensive, integrated claims services, business process

outsourcing and consulting services for major product lines including property

and casualty claims management, workers compensation claims and medical

management, and legal settlement administration. The Company's shares are traded

on the NYSE under the symbols CRDA and CRDB.

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For more information, please contact:

Lynn Cufley, Communications Director

T:            +44 (0) 207 265 4067

M:          +44 (0) 7585 901936


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Source: Crawford & Company via GlobeNewswire