Brumell Group Case Analysis

How Brumell Group’s Case Analysis™ Helps Close More Cases

Did you know that insurance companies have, in good faith, a fiduciary duty to report fraud to the state if they suspect fraud is being or has been committed? FL Statutes Ch 626, Sec 989(6) says:

“…any insurer, agent, or other person licensed under the code, or an employee thereof, having knowledge or who believes that a fraudulent insurance act or practice…is being or has been committed shall send to the Division of Insurance Fraud a report or information pertinent to such knowledge or belief…”

There are two basic ways to report this type of fraud: as “Information Only” or as “Fraud”. The evidence collected determines the most appropriate way to file the claim.

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Brumell-Group-Case-Study-May-2015

Case Study: Helping Retail Stores Fight Fraud

When Jeff Schneider started as the Senior Manager of Liability in 2011 at a large Southeast grocery store chain, the company was suffering from an excessive amount of fraud, along with the financial costs associated with that fraud. Fraud is a crime that has a cost born by everyone, including both the company and its customers. He knew that the stores were losing money, and were being forced to pass some of those costs on to the consumer. It was a problem that needed to be addressed, and quickly. Schneider chose to bring the Brumell Group forward to take up the task.

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