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Insurance Fined For Playing Devil’s Advocate When dealing with a claim, Insurance Companies would usually hire a Loss Adjuster who would actually seem independent but are actually paid for and only work for the Insurance Company. This means that when the Adjuster’s time come to adjust your loss, they would be working with a small bias by looking for ways to limit the payout or find a way to dismiss the claim by finding small faults.
During Fires and Theft damages, it is often common that Insurance Companies do hire External Advisers and Investigators, but they are only used to determine the cause of the incident. They would build a report and share their findings with the Insurance Company to verify the information used in the claim. But an Insurance Company took it one step further by hiring two Private Investigators to unlawfully obtain bank details of their own client. Their aim was to find any of the client’s financial history and determine how they should proceed if they were threatened by legal action. They were investigating an insurance claim by Michael Cookson, whose Lancashire nightclub, the Voodoo Lounge, burned down in 2004. They wanted to know if Cookson had enough money to take legal action, according to the ICO. This practice has been ongoing for 14 years and no doubt involves other claimants. It seems at the