Jump to Navigation

Insurance Broker Fraud

Insurance Broker Negligence and Fraud

Insurance broker negligence occurs when an insurance broker acts in a negligent way that results in lack of insurance coverage. Insurance broker fraud can occur when an insurance broker makes misrepresentations or omits important information in the process of selling an insurance product. Insurance agents and underwriters may also commit similar insurance negligence and fraud.

Examples of Insurance Broker Fraud

An omission about details related to the insurance policy can constitute negligence and fraud. Examples of omissions could relate to information about replacement costs or failure to disclose terms of the policy. Errors on the part of the insurance broker could also constitute fraud or negligence, as could incompetence.

Other examples of insurance broker fraud include willful misrepresentation about certain insurance policies or their conditions; or the sale of inappropriate insurance policies – including some types of annuities – to elders.

Actions Related to Insurance Broker Negligence

A number of actions may be brought related to insurance broker negligence. Related actions include but are not limited to: breach of fiduciary duty or duty to advise according to the California Insurance Code; failure to provide, write, or secure adequate insurance, or failing to secure and provide the insurance after it has been purchased; omissions or disclosure failures about the terms of an insurance policy. Bad faith insurance can occur if an insurance broker, agent, or underwriter does not act in the best interest of their clients.

The Evans Law Firm represents senior victims of insurance broker fraud and stockbroker fraud in California.

Some of the following claims examples may constitute fraudulent investor practices:

  • misrepresentations and omissions about insurance policies and the details therein;
  • churning;
  • inappropriate advice or recommendations, especially to elders regarding annuities;
  • pension fund fraud;
  • failure to give appropriate warnings regarding unsuitable insurance policies;
  • financial abuse of elders by selling unsuitable insurance policies, including variable and other deferred annuities;
  • failure to diversify or over-concentration of insurance investments (especially with respect to annuities);
  • failure to procure and deliver insurance that was purchased.

The Evans Law Firm handles insurance fraud and elder abuse cases throughout California. For a free and confidential consultation, contact the Evans Law Firm at info@evanslaw.com or call 415-441-8669.

Free Evaluation Form
  • Bold labels are required.
  • The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.
  • This field is for validation purposes and should be left unchanged.
Mailing Addresses

San Francisco/Bay Area
3053 Fillmore Street #236
San Francisco,CA 94123

Phone: 415-441-8669
Toll Free: 888-50EVANS
Fax: 888-891-4906
San Francisco Law Office Map
google plus

Southern California / Los Angeles / San Diego Office
6701 Center Drive West
14th Floor

Los Angeles, CA 90045

Phone: 415-441-8669
Toll Free: 888-50EVANS
Fax: 888-891-4906
Map and Directions
google plus

Play Audio Interview SuperLawyers - Ingrid M. Evans
Avvo - Rate your Lawyer. Get Free Legal Advice.
facebook linkedin twitter