Insurance fraud refers to the act of making an insurance claim based on false pretenses, which is illegal. Insurance fraud expert witnesses are experienced with various facets of the insurance industry, as specific details of a proposed policy may be manipulated to create insurance fraud. Any type of insurance, such as marine insurance, aviation insurance, disability insurance, workers compensation, homeowners insurance, life insurance, property insurance, auto insurance, and medical insurance, is at risk of being the subject of insurance fraud.
Insurance fraud expert witnesses often have backgrounds in the codes and compliance each party of the policy must adhere to, since both the claimant or the insurance company may commit fraud. Any situation in which false information is used to secure benefits would be a case of insurance fraud, meaning that a background in accounting, finance, securities, annuities, claims, bad faith, underwriting, or any other related area may be highly relevant when selecting an insurance fraud expert witness for a case.
Insurance fraud expert witnesses are called upon for their knowledge of the industry and whether the proper insurance industry customs and practices have been exploited as a means of gaining benefits. Requesting claims and loss damages as a result of misrepresentation would be substantial grounds for a lawsuit. Insurance fraud expert witnesses are also experienced with contract preparation and management in relation to insurance policies.
ForensisGroup has provided attorneys with highly qualified insurance experts with consistent success. Call our office today or submit an expert request form to find the right fraud expert witness.