Monday, August 16, 2010

Insurance Commissioner Wayne Goodwin: Fraud Fighter and Capeless Crusader

Fighting insurance crime doesn't require a cape and secret identity in North Carolina.

Insurance Commissioner Wayne Goodwin and his stellar team of sworn law enforcement officers in the Department of Insurance have cracked down on insurance fraud with a vengeance.

Note the reports linked here, here, here, here, here, here, and here. This is merely a representative sample from the last two months.

These results are not surprising in light of both the rise in insurance fraud during economic downturns such as now and the lengthy history of fraud fighting that North Carolina's insurance regulator has had over the years: Goodwin's Criminal Investigations Division is the oldest of its kind in the nation, and celebrates 65 years of service this year.

To date in 2010, Goodwin and his expert criminal investigators have seen more than 165 cases successfully closed with more than $5.8 million in restitution and recoveries, 40 criminal convictions and more than 65 arrests. Last year Goodwin's administration recovered approximately $10.2 million in restitution for North Carolina families and businesses.

It's also important to note that an estimated 10 cents of every dollar paid in premiums goes toward the payment of fraudulent claims. To report suspected fraud, contact the Department of Insurance Criminal Investigations Division at 919-807-6840. Callers may remain anonymous. Information is also available at www.ncdoi.com.

Keep in mind that Insurance Commissioner Goodwin has already been described by an "Under the Dome" blogger for the Raleigh News & Observer in October 2009 as
"apparently an action hero, by elected-official standards."

No comments: