Introduction: Insurance Ethics for a More Ethical World

The insurance industry has been marked by exponential growth over the recent decade with more and more individuals and corporations appealing to the long-term security, which this service sector provides. As facts about ethical lapses and outright fraud emerge; however, the refuge that insurance companies were entrusted to provide may not be as embracing as first appears. As insurance CEOs and management teams are paraded before cameras into courtrooms, details about payoffs and kickbacks are disseminated, and financial reporting practices are scrutinized by authorities, public trust in this industry wanes. At best, public perception is tentative in light of recent scandals.