When an embezzler is finally caught, particularly after a fraudulent scheme that lasted for years, executives and board members often ask, 'Why didn't we see this sooner?"

Doug Karpp, crime and fidelity product head at Hiscox, a $3 billion specialty insurance group, said it might be hard to catch an embezzler because some of the characteristics of him or her may be counterintuitive.  

In the 2017 Hiscox Embezzlement Study released in August, Karpp lists five common characteristics of an embezzler based on a review nearly 400 U.S. federal court cases that involved employee fraud throughout 2016.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Commercial Lines
Commercial Lines
Corporate Risk
E&S/Specialty
Investigative & Forensics