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Combating Fraudulent COVID Unemployment Claims

Risk Management Monitor

The Federal Trade Commission warns that unemployment fraud puts workers at additional risk of identity theft crimes including tax fraud. If they are still working, they may be the victim of identity theft. Identity theft can also lead to tax fraud, credit card theft and loans taken out in their names.

Claim 75
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Inflation Considerations for Risk Managers and Insurance Buyers

Risk Management Monitor

With high unemployment and higher costs, this also poses a risk to employment practices liability (EPL) insurers. A strong EPL policy and relationship with insurance carrier and broker can help during this time where unemployment may swing back the other way.

Risk 40