Previously I didn’t know which was worse – North Korea’s burgeoning nuclear program or its Fearless Leader’s bad haircut. Now we learn that this country is a leader in international insurance fraud. Details and exploits are uncovered in a recent front page issue of The Washington Post (http://www.washingtonpost.com/wp-dyn/content/article/2009/06/17/AR2009061703852.html?hpid=topnews).
Apparently Korea National Insurance Company is renowned for procuring reinsurance and then submitting dubious claims. In fact, insurance fraud is a source of much needed hard currency.
Any anti-fraud or SIU adjusters looking for the ultimate career challenge might consider this one. Of course, taking on Kim Jong Ill might involve risking a stint in a North Korean labor camp. (Any adjuster who has flown Northwest will be well-prepared for this eventuality, however.)
Perhaps we should introduce a motion to the United Nations that it create an international SIU???