Insurance 101 – Chapter 15 – Volume 58 – Fraud in the Inception
Fraud in the Inception
The investigation of the broker, and the broker’s actions can provide an insurer with an opportunity to recover losses due to fraud from a person with assets rather than a fraud perpetrator whose only source of income may have been the fraudulent claim. The Fourth District California Court of Appeal, in Century Surety allowed an insurer to seek damages from the insurance broker who submitted to it a fraudulent and false application for insurance.
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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