Insurance 101 – Chapter 16 Volume 88 – Insurer Is Required to Pay for Insurance Crimes

Insurer Is Required to Pay for Insurance Crimes

Insurers are compelled by statute and regulation to maintain Special Fraud Investigation Units and a detailed anti-fraud program. The California Department of Insurance audits insurers regularly to ensure that each insurer works hard to investigate and seek prosecution of the crime of insurance fraud. Simultaneously, the same Department of Insurance punishes insurers for not paying claims rapidly or for not treating insureds or claimants fairly. Courts and juries will assess punitive and exemplary damages against insurers who accuse their insureds of fraud.

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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