Central Insurance

Moving Faster than the Speed of Fraud

When it comes to insurance, conversations about fraud are never far behind. While fraud is an unfortunate reality of the insurance business — costing the industry up to $50 billion each year — it’s also an opportunity to bring significant value to Central policyholders through a robust anti-fraud approach that identifies and stops fraud before it ever happens. 

As an extension of our Claims department, the Special Investigations Unit is a specialized team of Central employees who focus on doing exactly that. They are tasked with investigating red-flagged claims, as well as subrogating against entities responsible for losses. In today’s post, Jeff Lieberman, Director of Special Investigations & Recovery, and Anthony Gaytan, Anti-Fraud Operations Analyst, share insights on the ways Central is combating fraud and innovating solutions that are setting new standards of excellence within the industry. 

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Meeting the Unique Needs of Vineyards & Wineries

With harvest wrapping up and the holidays just around the bend, we’ve entered a season full of popping corks and raising glasses. Vineyards and wineries fall under Central’s manufacturing vertical, which encompasses a wide range of businesses, including metal goods, building materials and bakeries. This month, we sat down with Director of Manufacturing Underwriting, Anne Russo, to talk about winery coverage and learn more about how Central approaches writing policies for a vertical segment with needs and uses as varied as the wines they produce. 

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Cyber Resilience: The Best Plan for When the Worst Happens

As cyber risks evolve and become more threatening in scope, they come at an increasing cost to both the public and private sectors. The past two years have seen several significant cybersecurity incidents. In 2020, the Solar Winds hack breached several federal government agencies. JBS, the world’s largest meat processing company, suffered a cyberattack that disabled its facilities unless they paid a ransom. What can you learn from these attacks and how to adapt cybersecurity strategies for your business? 

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Protecting Your Business from Cyber Threats

Last week, we shared the scoop on current issues in cybersecurity. In this article, we’re arming you with the knowledge to avoid falling victim to cyber attacks and threats. Since many cybersecurity issues arise from the “human factor,” educating yourself is one of the best steps you can take to protect both your personal and business presence. 

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Cybersecurity 101

October is Cybersecurity Awareness Month, a national effort to raise awareness about the importance of cybersecurity and ensure that Americans have access to the resources they need to be more secure online. 

Whether you’re a small business engaged in online marketing or simply utilizing services like Instagram and Facebook in your personal life, cybersecurity is relevant to all of us. We recently sat down with Garrett Laman, a Developer Intern at Central, to learn more.  

In this article, we dig into the basics of cybersecurity. Check back next week for a follow-up post including tips on how to best protect your personal and business presence from cyber threats. 

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Are You Fire Safety Smart?

“Burn, baby, burn” may have packed the dance floor during the days of disco, but those words are anything but a good time when it comes to your home and property.  

Since 1922, the National Fire Protection Agency has sponsored the public observance of Fire Prevention Week during the week of October 9 in commemoration of the Great Chicago Fire. The devastation of that fire alone claimed the lives of 250 people, left 100,000 homeless, destroyed more than 17,400 structures and burned more than 2,000 acres of land. In 1925, President Calvin Coolidge proclaimed Fire Prevention Week a national observance, making it the longest-running public health observance in America. Source 

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We’re headed to the Insurance Leadership Forum with some big news…

CIAB’s Insurance Leadership Forum kicks off tomorrow in Colorado Springs and our team is looking forward to spending time with our agents in attendance. This year is especially exciting for us as it comes on the heels of a major announcement about where Central is headed in the months and years ahead as a part of our ongoing commitment to excellence.

Central is bringing a portfolio of better, bigger and smarter products on top of our existing appetite. We’ve built four commercial lines industry verticals—construction, manufacturing, real estate and transportation. We’re also building the world’s finest small business operating unit. Within personal lines, we will focus all our resources on the middle market and affluent segments.

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National Vehicle Theft Prevention Month

Once every 43.8 seconds, a vehicle is stolen in the United States according to the National Highway Traffic Safety Administration (NHTSA). Thefts like these cost millions of dollars for owners and insurers, and cause insurance premiums to skyrocket – making everyone a victim.

Every July, the NHTSA hosts National Vehicle Theft Prevention Month. The National Insurance Crime Bureau (NICB) is urging consumers to help put the brakes on auto theft.

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Contractor Fraud Awareness Week

Contractor Fraud Awareness Week is here!

From July 12 through 16, the National Insurance Crime Bureau (NICB) is highlighting the problem of contractors and vendors who take advantage of disaster victims in the aftermath of catastrophes.

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“Essential 8” IT Security Recommendations When Returning To The Office

The office has been disinfected, work spaces are rearranged, and now we can begin our return to working in the office. But has the company planned for IT security challenges? Tab Bradshaw, Chief Operating Officer at Redpoint Security, has put together a list that he calls his “Essential 8” critical actions to take upon returning to the office.

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