Speakers

Cindy S. Schmell, Insurance Fraud Bureau Chief for the State of Iowa Insurance Division gave a superb presentation and discussion on this hot topic!

Insurance Fraud: The "Hidden Tax"

Insurance fraud is a crime that affects you. Insurance fraud costs Americans at least $80 billion a year, or nearly $950 for each family.

Who pays for insurance fraud? You Do.

Insurance fraud pushes up the cost of everything you buy and use. Cindy will be joining us to discuss more about Insurance Fraud specifically here in the state of Iowa. She has been with the Insurance Fraud Bureau for almost 10 years. Prior to this she served as a state investigator for 16 years, in a variety of areas that included health care fraud, controlled drug diversion, unemployment fraud, and welfare fraud.

The Insurance Fraud Investigation Bureau confronts the problem of insurance fraud through the prevention, investigation, and prosecution of fraudulent insurance acts in an effort to reduce the amount of premium dollars used to pay fraudulent claims. In 2004 the Fraud Bureau received 415 fraud referrals from insurance companies, law enforcement agencies, and the public. The associated dollar amount with these referrals is $6,813,623.

Kay Runge, Des Moines Public Library Director, brought the planning and eventual creation of the “plane” to life for us. She is a very dynamic speaker and quite an interesting personality. The tour of the library was a must see, great facility.

Mary Ryan, of LOMA Home Office, discussed additional learning opportunities with LOMA.

Several new designees were honored for their achievement. Invitation to the luncheon and meeting is extended to all those who receive either an FLMI or FFSI designation -prior to 10-2006 and after 10-2005. Free Society membership certificates for the next year were also given. The new 2007 Board was voted in. Lunch was provided by La Mie.