{"id":7388,"date":"2026-05-18T20:24:00","date_gmt":"2026-05-18T18:24:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=d6bca0cee9207c60752d9d89bcfb6a40"},"modified":"2026-05-18T20:24:00","modified_gmt":"2026-05-18T18:24:00","slug":"triple-i-and-nicb-warn-homeowners-to-watch-for-contractor-fraud-following-disasters","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=7388","title":{"rendered":"Triple-I and NICB Warn Homeowners to Watch for Contractor Fraud Following Disasters"},"content":{"rendered":"

MALVERN, Pa.--(BUSINESS WIRE)--As natural catastrophes and severe weather events continue to expose more homeowners to property damage and recovery challenges, the Insurance Information Institute<\/a> (Triple-I) and the National Insurance Crime Bureau<\/a> (NICB) are urging consumers to remain vigilant against contractor fraud during Contractor Fraud Awareness Week,<\/i> May 18-22, 2026.<\/b><\/p><\/a><\/a>

\nUnscrupulous contractors often descend on storm-damaged communities in the days following disasters, offering quick repairs while exploiting homeowners under pressure to rebuild. According to NICB, contractor fraud is systemic involving networks of contractors, public adjusters and attorneys working together to inflate claims. Reported cases of contractor fraud have increased 38% in the past three years.<\/p>

\n\u201cContractor fraud remains one of the most common schemes reported after major storms and catastrophes,\u201d said David J. Glawe, president and CEO, NICB. \u201cThese bad actors prey on families when they are most vulnerable, often leaving behind incomplete work, poor workmanship and financial hardship.\u201d<\/p>

\n\u201cAfter a disaster, homeowners are often under tremendous pressure to make repairs quickly, which can make them vulnerable to dishonest contractors,\u201d said Sean Kevelighan, CEO, Triple-I. \u201cTaking time to verify credentials, compare estimates and carefully review contracts can help homeowners avoid costly scams during the recovery process.\u201d<\/p>

\nFraudulent schemes commonly begin with unsolicited visits, flyers, phone calls or online advertisements from individuals claiming to specialize in disaster repair. Homeowners are often pressured to sign contracts immediately or pay large deposits before work begins.<\/p>

\nTriple-I and NICB recommend homeowners take the following steps before hiring a contractor:<\/p>