Lafayette
337-446-2442
Caffery, Oubre, Campbell & Garrison, L.L.P.
New Iberia
337-352-2310
Service, Integrity, Results

What qualifies for entry into the Insurance Fraud Hall of Shame?

The age-old American maxim “turnabout is fair play” conveys a fairly simple idea, namely this: If you get the chance to do something, fairness dictates that I receive the same opportunity.

That principle applies in American society from the onset of play in an adolescent schoolyard. It is a common idea and accepted tenet throughout life, in contexts ranging from personal interactions to the business world.

And, notably, it is alive and well in the insurance realm.

For evidence of that, we submit the Insurance Fraud Hall of Shame. That compilation of claimants who strive to defraud insurers through bad-faith conduct is a response to decidedly one-way coverage insurers customarily receive in the media that spotlights alleged wrongdoing by industry participants in claim handling. Essentially, the Shame list is an “OK, enough is enough” response that conclusively hammers home a centrally relevant point.

That is this: Although instances of insurers’ questionable conduct do exist, the same is true on the policyholders’ side of the equation. Indeed, legions of bad-faith policyholders are caught making egregiously false claims, with some of those individuals engaging in truly brazen behavior.

The Hall of Shame list dutifully underscores that fact. It is a compendium of wrongdoers spotlighted by the Coalition Against Insurance Fraud (CAIF), and it unquestionably provides glaring evidence concerning fraud efforts that the insurance industry must protect against.

Some of the details are truly shocking. Policyholders burn down businesses on purpose (sometimes killing innocent third parties in the process). They stage fake auto accidents, reporting fictitious injuries. They murder people for insurance proceeds. They engage in massive bribery schemes.

An Insurance Journal article noting the Shame list cites the estimate that “at least $80 billion in fraudulent claims are made annually in the U.S.”

No Comments

Leave a comment
Comment Information

contact us

With offices in Lafayette and New Iberia, our lawyers represent clients in state and federal courts throughout Louisiana. Contact us today to schedule your case assessment with one of our experienced attorneys. Email or call us at 337-446-2442 to reach our Lafayette office or call 337-352-2310 to reach our New Iberia office.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Lafayette Office
100 East Vermilion Street
Suite 201
Lafayette, LA 70501

Phone: 337-446-2442
Map & Directions

Lafayette Office

New Iberia Office
800 South Lewis Street
Suite 205
New Iberia, LA 70563

Phone: 337-352-2310
Map & Directions

New Iberia Office