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
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."
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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Source: Crawford & Company via GlobeNewswire