Insurance 101 – Chapter 15 – Volume 46 – Broker Fraud

Broker Fraud

In United States v. Boscarino, 437 F.3d 634 (7th Cir. 02/08/2006) the Seventh Circuit dealt with a variety of insurance frauds perpetrated by brokers against insureds. The appeal concerned a jury verdict where the jury concluded that an insurance agency overcharged the City of Rosemont for its services and kicked back part of the excess to Nick Boscarino, who helped the agency secure the business.

The following video was adapted from my book, “Insurance Claims A Comprehensive Guide” Published by the National Underwriter Company and is available at the Zalma Insurance Claims Library

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The author and publisher disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use and application of any of the contents of this blog. The information provided is not a substitute for the advice of a competent insurance, legal, or other professional. The Information provided at this site should not be relied on as legal advice. Legal advice cannot be given without full consideration of all relevant information relating to an individual situation.

 

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