The Insurance Council of New Zealand (ICNZ) has announced the launch of the Insurance Fraud Bureau (IFB) – an initiative bringing all of ICNZ’s members together to combat insurance fraud. Speaking at a press conference in Wellington, ICNZ chief executive Tim Grafton said that insurance fraud is often perceived as a “victimless crime” by policyholders, and fraud can range from opportunistic exaggeration of claims to organised arson or theft.
