{"id":1351,"date":"2019-06-16T13:17:00","date_gmt":"2019-06-16T13:17:00","guid":{"rendered":"https:\/\/tst418075918.wordpress.com\/2019\/06\/16\/real-time-pos-fraud-resolution-is-the-fracking-of-the-auto-insurance-industry\/"},"modified":"2019-06-16T13:17:00","modified_gmt":"2019-06-16T13:17:00","slug":"real-time-pos-fraud-resolution-is-the-fracking-of-the-auto-insurance-industry","status":"publish","type":"post","link":"https:\/\/test.veracityid.com\/new\/real-time-pos-fraud-resolution-is-the-fracking-of-the-auto-insurance-industry\/","title":{"rendered":"Real time POS fraud resolution is the Fracking of the auto insurance industry."},"content":{"rendered":"<div dir=\"ltr\"><a href=\"https:\/\/1.bp.blogspot.com\/-OQn2wx5urmg\/XS9jtueG-CI\/AAAAAAAANqU\/_F97UScQh1UXBg-9Y3NR2c-M08VQlvbfwCLcBGAs\/s1600\/iStock-1061696624.jpg\" style=\"clear:left;float:left;margin-bottom:1em;margin-right:1em;\"><img loading=\"lazy\" decoding=\"async\" border=\"0\" height=\"298\" src=\"https:\/\/1.bp.blogspot.com\/-OQn2wx5urmg\/XS9jtueG-CI\/AAAAAAAANqU\/_F97UScQh1UXBg-9Y3NR2c-M08VQlvbfwCLcBGAs\/s400\/iStock-1061696624.jpg\" width=\"400\" \/><\/a>You probably know the oil industry&#8217;s\u00a0 &#8220;fracking&#8221; story:\u00a0 everyone knew there were huge reserves of oil tightly locked in shale rock. They ignored them because the cost of producing that oil exceeded its value. Until an innovator paired new technology with techniques that radically reduced the unit cost of extraction, inventing &#8220;fracking&#8221;.\u00a0 The rest is history.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">Auto insurance rate manipulation and fraud has a lot in common with tight shale oil. Carriers have long known that there is significant fraud in their books &#8211; it has traditionally been estimated at 15 to 20 percent. Obviously, the carrier who could figure out how to eliminate this cost could gain a huge edge. But almost all of this fraud is &#8220;small ticket&#8221; and until now it hasn&#8217;t been economical to pursue most of it. But like with fracking, someone has paired advanced technologies with new techniques that radically lower the unit cost of defeating small ticket frauds.\u00a0<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">That company is VeracityID<br \/>.<\/div>\n","protected":false},"excerpt":{"rendered":"<p>You probably know the oil industry&#8217;s\u00a0 &#8220;fracking&#8221; story:\u00a0 everyone knew there were huge reserves of oil tightly locked in shale rock. They [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[15],"tags":[],"class_list":["post-1351","post","type-post","status-publish","format-standard","hentry","category-blog"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Real time POS fraud resolution is the Fracking of the auto insurance industry. - VeracityID<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/test.veracityid.com\/new\/real-time-pos-fraud-resolution-is-the-fracking-of-the-auto-insurance-industry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Real time POS fraud resolution is the Fracking of the auto insurance industry. - VeracityID\" \/>\n<meta property=\"og:description\" content=\"You probably know the oil industry&#8217;s\u00a0 &#8220;fracking&#8221; story:\u00a0 everyone knew there were huge reserves of oil tightly locked in shale rock. They [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/test.veracityid.com\/new\/real-time-pos-fraud-resolution-is-the-fracking-of-the-auto-insurance-industry\/\" \/>\n<meta property=\"og:site_name\" content=\"VeracityID\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-16T13:17:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/1.bp.blogspot.com\/-OQn2wx5urmg\/XS9jtueG-CI\/AAAAAAAANqU\/_F97UScQh1UXBg-9Y3NR2c-M08VQlvbfwCLcBGAs\/s400\/iStock-1061696624.jpg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/test.veracityid.com\/new\/real-time-pos-fraud-resolution-is-the-fracking-of-the-auto-insurance-industry\/\",\"url\":\"https:\/\/test.veracityid.com\/new\/real-time-pos-fraud-resolution-is-the-fracking-of-the-auto-insurance-industry\/\",\"name\":\"Real time POS fraud resolution is the Fracking of the auto insurance industry. - VeracityID\",\"isPartOf\":{\"@id\":\"https:\/\/test.veracityid.com\/new\/#website\"},\"datePublished\":\"2019-06-16T13:17:00+00:00\",\"dateModified\":\"2019-06-16T13:17:00+00:00\",\"author\":{\"@id\":\"https:\/\/test.veracityid.com\/new\/#\/schema\/person\/0d214ad9dd827724c3e8f895052d644c\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/test.veracityid.com\/new\/real-time-pos-fraud-resolution-is-the-fracking-of-the-auto-insurance-industry\/\"]}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/test.veracityid.com\/new\/#website\",\"url\":\"https:\/\/test.veracityid.com\/new\/\",\"name\":\"VeracityID\",\"description\":\"Automated Risk Selection and CX Solutions designed to benefit your bottom line today.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/test.veracityid.com\/new\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/test.veracityid.com\/new\/#\/schema\/person\/0d214ad9dd827724c3e8f895052d644c\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/test.veracityid.com\/new\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/f938dea3515e09ba0408e26ace2aa58e6e2f0d74759e896ee212ff28af5bd6b1?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/f938dea3515e09ba0408e26ace2aa58e6e2f0d74759e896ee212ff28af5bd6b1?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"https:\/\/veracityid.com\/new\"],\"url\":\"https:\/\/test.veracityid.com\/new\/author\/admin\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Real time POS fraud resolution is the Fracking of the auto insurance industry. - VeracityID","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/test.veracityid.com\/new\/real-time-pos-fraud-resolution-is-the-fracking-of-the-auto-insurance-industry\/","og_locale":"en_US","og_type":"article","og_title":"Real time POS fraud resolution is the Fracking of the auto insurance industry. - VeracityID","og_description":"You probably know the oil industry&#8217;s\u00a0 &#8220;fracking&#8221; story:\u00a0 everyone knew there were huge reserves of oil tightly locked in shale rock. 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