A recent, high-profile fraud case has highlighted a number of issues that marine insurers should recognise and learn from if they are to continue to provide a comprehensive service for their assureds and retain their viability as commercial businesses. This was the topic at today’s Legal & Liability Workshop as part of IUMI’s (International Union of Marine Insurance) annual conference in Edinburgh.
The workshop drew on the extremely topical and complex fraud case involving the vessel Brillante Virtuoso and took the opportunity to debate a number of reminders that marine insurers would be wise to consider.
Don’t get caught out by fraud and never let crime pay, says IUMI: Don’t get caught out by fraud and never let crime pay, says IUMI