It is Prudent for an Insurer to Have Anti-Fraud Programs

0
4K

How Prudent Insurers Profit From Effective Anti-Fraud Programs


Read the full article at https://www.linkedin.com/pulse/video-explaining-anti-insurance-fraud-programs-barry-zalma-esq-cfe and see the full video at https://youtu.be/zqZ8J8x3qvY and at https://zalma.com/blog plus more than 3400 posts. 


Anti-fraud statutes and regulations enacted in the various states now require that insurers institute anti-fraud programs. Good business sense should have dictated the existence of such anti-fraud programs from the date the first insurance policy was issued, but insurers have always been caught in the Catch-22 obligation to deal with each insured with the utmost good faith. Insurers, not wanting to be accused of acts of bad faith, have always preferred to pay fraudulent claims rather than fight. That it was necessary for states to enact statutes compelling insurers to protect themselves has to be unique to this industry.


The essence of an anti-fraud program is the commitment of the insurer to refuse to pay fraudulent claims. The details of the anti-fraud program are then tailored to the style of the particular insurer, its staff, executives, and counsel.

 

Sponsor

We are 100% funded for October.

Thanks to everyone who helped out. 🥰

Xephula monthly operating expenses for 2024 - Server: $143/month - Backup Software: $6/month - Object Storage: $6/month - SMTP Service: $10/month - Stripe Processing Fees: ~$10/month - Total: $175/month

Xephula Funding Meter

Please Donate Here

Zoeken
Categorieën
Read More
Other
Ambiguous Exclusion Unenforceable
Ambiguous Exclusion Unenforceable Read the full article at https://lnkd.in/g4eHV9AZ, se the full...
By Barry Zalma 10 maanden geleden 0 3K
Politics
Legend! How to deal with NAZIS: Canadian Pastor Sends Lockdown Police On Walk Of Shame Out Of His Church (Video)
A Canadian pastor stood up to police who disrupted his service and shamed them into leaving. On...
By Wym Creator 4 jaar geleden 2 6K
Other
A Lawyer Should Never Lie
No Single Transgression Reflects More Negatively On The Legal Profession Than A Lie Yet...
By Barry Zalma 4 jaar geleden 0 7K
Other
Infringement Exclusion Affirmed
Infringement Exclusion Affirmed Read the full article at https://lnkd.in/gqC8GpA2 and see the...
By Barry Zalma één jaar geleden 0 4K