Market leader in identity theft and fraud insurance products since 2001
Consumer products address identity theft, fraud/embezzlement and damage to personal computers resulting from malicious viruses
Commercial products address identity theft liability and fraud within the plastic card payment system Core product is AIG Personal Identity Coverage (PIC)
100+ Master Policyholders
10 Million Insureds Employers fastest growing segment to purchase PIC Mitigates potential risks of a security breach
Interest coming from multiple industries (Food, Education, Healthcare, etc.) and companies of all sizes (100 – 50,000 employees)
Up to $25,000 per employee to cover Lost Wages Time away from work Legal Counsel when needed (Civil, Criminal optional)
Reimbursement of Expenses:
Credit bureau reports Re-filing for loans, grants, or other credit/debt instruments Long-distance charges and mailing fees Personalized Customer Support 24x7 Fraud Counselors On-Call Step-By-Step Guide for quick, organized Resolution & Recovery Restoration Specialists as part of Full Restoration service Surplus Lines, P&C product available in U.S., Canada (NY Residents Excluded)
Increased Productivity:
Victims spend between 72 and 90 hours of work time due to their victimization, and 53 and 65 hours of lost vacation or personal leave time Peace of Mind.
Victims are often in unfamiliar terrain when talking to debt collectors and defending their financial integrity Affordable protection PIC is a low cost and easy to administer coverage for identity theft $1,000 M&D Premium. $1.00 - $4.00 per employee/per year with optional endorsements:
Full Restoration
Family Options
Computer Virus
Provide insured with a package of information which includes a description of the resolution process, educational articles, and guidance for avoiding future complications.
Notify the three major credit bureaus and provide assistance with requesting that a fraud alert be placed on the insured’s credit files and affected credit accounts.
Review the insured’s credit files with the insured to determine the accuracy of the file and potential areas of fraud.
Notify as needed, the insured's affected creditors, financial institutions, credit card companies, utility providers, and merchants of the identity fraud.
Provide information to the Federal Trade Commission (FTC), and to other government agencies as appropriate.
When appropriate, provide assistance with obtaining and reviewing the insured's Social Security Personal Earnings and Benefits Statement.
Create and maintain a case file to document the identity fraud.
Christopher Hanson
Insurance Business Consultants, Inc.
Springfield, MO 65804
chrishansonins@sbcglobal.net