The Rainmaker by J. Grisham Example | Topics and Free Essays. https://studentshare.org/social-science/1895274-rainmaker
The Rainmaker by J. Grisham Example | Topics and Free Essays. https://studentshare.org/social-science/1895274-rainmaker.
A suit was filed by Rudy Baylor for the family against the insurance company for $ 10 million as compensation. During the trial, a former executive of the insurance company revealed that the insurance policy was a fraud as it was the policy of the company to deny all such claims and in such a way, the company could make a $ 40 million profit. The court judged the case in favor of the Black family as it ordered $ 50.
2 million to be paid by the insurance company which rendered Great Benefit Life Insurance bankrupt. It is evident that the Great Benefit Life Insurance had a fraudulent scheme in place. The entire segment of insurance depends upon mutual trust as people insure themselves only to be protected at the time of need. One should have repeated check mechanisms in place to be sure of the fact that the claims are genuine. Great Benefit Life Insurance could have tested the medical documents in the case of Donny Ray.
It would be unethical to charge the field officer of the insurance company as it was a management policy not to pay. The regulatory bodies of the financial institutions should initiate periodical checks to verify if the financial companies are having their processes as required by the regulations. The company also can take the help of some of the external agencies to ensure every process is fit and fine. The external agency can carry surveys and publish about the efficiency of the processes in the media.
The willing company can also opt for regular audits that can really put the issue of ethics at the topmost priority. The punitive measures would not really help to get to the core of the problem rather the organization should come up with any of the above out-of-the-box methodologies.
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