Tackling Insurance Fraud : Law and Practice

Insurance Fraud is a growing problem on a global scale. The Association of British Insurers estimates that fraudulent insurance claims on motor and household policies alone cost insurers in excess of £1 billion a year

Why you need this book

■Provides all the information your company needs to combat insurance fraud
■The hands-on focus of this book is an invaluable resource for any insurance company. The book looks at the issues involved in insurance fraud, how the industry has responded and provides effective solutions to problems
■The book adopts a unique approach by looking at law and practice, differentiating it from the limited insurance books on fraud and general insurance law currently available. The combined experience of the authors ensures that the book provides an in-depth and practical guide to the subject
Key Issues covered include:

•Fraud in the insurance context (as well as reinsurance). Topics covered include:
■Disclosure
■Exaggerated claims
■The duty of utmost good faith
■Fraudulent claim clauses
■Estoppel
■Waiver
■Conditions precedent
■Breach of contract, and the remedies available - restitution, damages and equitable damages
•An analysis of industry wide initiatives and the individual insurance companies' own approaches to the problem, considering recent legal developments and practical initiatives
•Evaluation of how insurance fraud is tackled in other jurisdictions including the US, Germany and Switzerland


Who should read this book

■Insurance and reinsurance claims managers
■Fraud managers
■In-house legal counsel
■Insurance brokers
■Loss adjusters
■Insurance lawyers
This book is part of the Practical Insurance Guide series.