The lengths fraudsters will go to in order to perpetrate a fraud never cease to amaze me. I’m not sure if it’s their audacious behavior, their creativity, their stupidity, or the fact that they just think they’ll
never be caught. I often wonder what diseases could be cured or social ills
eradicated if these creative individuals had put their efforts into something
far more constructive than perpetrating insurance fraud.
This month we bring you the 2014 Fraud Hall of Shame, courtesy of
the Coalition Against Insurance Fraud. While fighting fraud is very serious
business, costing somewhere in the neighborhood of $80 billion annually,
this walk down the Hall of Shame is sure to leave you speechless at the
audacity of these “moral invertebrates.” Definitely check out our cover story
by Dennis Jay — it makes for a highly entertaining read.
Raanon Gal provides an important look at the exemptions and revisions
from the Department of Labor that could impact Employment Practices
Liability Insurance. He also highlights some frequent mistakes that
employers make (knowingly or unknowingly) and offers suggestions on
how to prevent them.
For insurers, the ramifications of a claim can extend for months or years
if there are appeals. It is important to look at any suit from the 10,000 foot
view to see what steps should be taken early in the process that will have
a favorable impact in the months to come. Bradley Jones and Anthony Alt
address the appellate factors insurers should consider when a lawsuit is filed
including the selection of counsel, the venue and potential grounds
As we look back on all of the challenges and changes in 2014, it’s easy to
forget all that has been accomplished. Each of you has made a difference in
the lives of hundreds of insureds, collectively impacting millions of people.
That is an honorable undertaking and an important factor for each of you to
keep in mind when you are stretched to impossible limits.
I wish all of you a joyous holiday season and healthy and prosperous 2015!
Patricia L. Harman