Specialist warns of Christchurch quake fraud risk

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Specialist warns of ChCh quake fraud risk

3News NZ

By 3 News online staff

Insurance companies are being warned to be on their guard against people who may try to exploit the Christchurch rebuild for their own financial gain.

A specialist in anti-fraud management is here from Canada and says Hurricane Katrina and the Boxing Day Tsunami triggered scams adding up to billions of dollars.

Fraud specialist Peter Dent says natural disasters open up agencies to fraudsters.

“In a natural disaster there’s so much money being provided in such a short time, much more than would normally be given out… and therefore people can take advantage of those, things fall through the cracks,” he told Firstline this morning.

Mr Dent says the New Zealand Government, Serious Fraud Office and insurance industries are very pro-active at avoiding fraud.

3 News

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Comments

19/09/2012 9:12:10 p.m.

Frustrated Rebuilder wrote:

Seeing this nearly made my blood boil... "so much money being provided in such a short time" certainly not talking about IAG... they are doing anything they can to avoid settling peoples claims. The majority of the fraud-like behaviour isn't coming from the claiments from where I and many others are standing.

19/09/2012 2:24:10 p.m.

stuart wrote:

what about the fraud of the insurances compaine and eqc that should be more of a concern to main live are been destroyed by them and the way they treat you