Fraud can take various forms, from stealing someone’s personal identity to tricking individuals into providing sensitive information via phishing scams.
Some fraudsters even resort to fraudulent investment schemes or embezzlement to gain financial benefits at the expense of their victims.
Committing fraud often involves intentional deception, trickery or dishonesty aimed at defrauding individuals or organizations out of their money.
Some of the most notable fraud cases in recent history include Enron, Bernie Madoff’s Ponzi scheme, and the Wells Fargo banking scandal.
These cases show that many individuals and companies are willing to partake in unethical or illegal activities if it means financial gain, causing devastating financial losses for their victims.
To prevent fraud, individuals and organizations must remain vigilant, keeping a lookout for any suspicious activity and taking proactive measures to safeguard their personal and financial information.
People buy insurance to protect their health, belongings, and their businesses. However, the interests of insurers and insureds diverge when a claim is filed. It is in the interest of insurance companies to limit the payments made to insureds. Insurance bad faith and insurance fraud occur when the goal of limiting compensation for losses violates the intent of the insurance contract.
Most people believe that insurance companies will act in good faith when they file a claim. And in many cases they do. However, when they do not, the individual or business filing the claim is at a distinct disadvantage, unless they have experienced legal representation.
Some of the common issues involved in insurance bad faith and insurance fraud include:
Insurance companies are required by law to act in good faith toward their insureds. This means promptly paying claims, offering fair insurance settlements, and not denying legitimate claims. Our attorneys have handled a wide variety of insurance bad faith claims, including homeowner policies, comprehensive auto policies, health insurance policies, commercial general liability policies, and errors and omissions.
We offer a free initial consultation to discuss insurance fraud and bad faith matters. We handle all our cases on a contingency basis, so there are no attorney fees unless we get compensation for our clients.
