New Funds Enable Insurance Department to Expand Prevention, Reporting Efforts

Pennsylvania Insurance Commissioner M. Diane Koken announced expanded fraud-combating efforts supported by a recently received grant award.

Commissioner Koken said the department recently received a two-year Pennsylvania Insurance Fraud Prevention Authority (IFPA) grant totaling more than $350,000 that will enable the department’s Anti-Fraud Compliance Division to continue its fraud-fighting efforts.

Commissioner Koken added that the state’s Anti-fraud Compliance Division has worked closely with Pennsylvania’s motor-vehicle and workers’ compensation insurers to produce a best-practices report on Pennsylvania’s anti-fraud effort. She added that the division will work extensively with its more than 1,700 licensed insurers in the next few years to obtain up-to-date information on benchmarking and reporting insurance fraud.