We are instructed by many of New Zealand's largest and most respected insurers and their solicitors daily.
A survey conducted in 2003 on behalf of the Insurance Council of Australia established that fraudulent car theft claims may account for between 20-25% of claims for theft. In addition, the Insurance Council of Australia reports that 10% of premiums are returned to policy holders who have fabricated or inflated a claim (A$1.4 billion annually). These costs, of course, are borne by legitimate policy holders who in effect are stakeholders in the insurer.
Insurers engage us to audit insurance claim; provide the factual background of a claim, confirm the integrity of a claim, identify policy exclusion issues, and identify underwriting issues.