Solutions

Case Studies

"Case Studies" > Insurance - Bad Faith > Fraudulent Nondisclosure by Policy Holder Negated His Bad Faith Claim

Fraudulent Nondisclosure by Policy Holder Negated His Bad Faith Claim

Summary:


Plaintiff never disclosed that he had previously collected on losses of art
works due to theft and fire on at least five other occasions from seven
different insurance companies.

Plaintiff, a reportedly high volume fine art dealer who claimed that over $600,000 of merchandise was stolen from his new art gallery, sought compensation under a policy from defendant insurance company. During the claims adjustment investigation, several irregularities were discovered in the application for the policy, which caused the company to deny the claim.


Sign Up Now: