Each year, Australia detects approximately $300 million in fraudulent claims in all insurance classes. The most common form of insurance fraud is the exaggeration of personal claims. With the coronavirus pandemic sparking a sudden rise in fraud, as criminals and opportunists exploit the crisis, McCabes is partnering with insurers, brokers, underwriters, employers and self-insurers to find sophisticated and collaborative ways to fight back.
Our team is well versed in advising on claims where active investigations of fraud is suspected. Our lawyers are trained to detect, prevent and manage claims fraud across all lines of business. We do this through identifying suspicious activity, detecting subtle patterns of behaviour, reviewing surveillance and uncovering hidden relationships.
Our specialist lawyers collaborate with insurers, fraud experts, such as forensic accountants and the Police to share suspected fraudulent or exaggerated claims. Our streamlined approach improves turnaround times and withdrawal rates, keeps fraud at bay, and prevents payments that should not be made.
We have worked on these types of claims across all areas of the insurance spectrum from motor vehicle and personal injury claims to sophisticated and complex fraudulent schemes involving employees of insureds stealing stock and falsifying cash receipt records.
We provide bespoke advice and excellent solutions. Whether you have a general question, feedback or seek legal counsel, please do not hesitate to reach out.