Dear Readers,

The month of July is always a very busy time for the DC Department of Insurance, Securities and Banking (DISB). The agency uses the summer months to promote its Fraud Awareness Week activities. Mayor Adrian M. Fenty declared the District’s Fraud Awareness Week from July 22 to July 28, 2007.

Financial fraud is fast becoming one of the most expensive and inconvenient crimes in society. According to some of the statistics, fraud causes people to lose time, money and confidence in a particular financial system. DISB has made several efforts to combat fraud on all fronts—through prevention by education and through enforcement and investigation.

This month’s newsletters focus on identifying and combating fraud. Find out what DISB is doing to combat fraud against various population segments, a warning by the Department of Justice, and the agency’s second annual Insurance Open House. Further, you will be able to read about DISB’s Insure U for Small Business event, a letter from Councilmember Mary Cheh and a whole lot more. As always, we hope our newsletters continue to provide you with useful information to protect you from unscrupulous and fraudulent practices.

Happy Reading!
Office of Communications