Beacon Participates in Zurich’s 2022 CE/CLE Extravaganza March 9-10, 2022
Beacon’s President, Dennis O’Neill is always willing to share his professional knowledge and expertise for industry events. His latest contribution was to “Zurich’s 2022 CE/CLE Extravaganza” on March 9-10, 2022. The event enabled employees to obtain CE/CLE credits through attending multiple virtual presentations given over the course of a few days.
The topic of the presentation was the False Claims Act. The federal False Claims Act is sometimes known as “Lincoln’s Law,” because it was enacted during the Civil War to counter widespread fraud by defense contractors supplying the military. Congress passed the False Claims Act on March 2, 1863. It has since been amended to improve the Government’s ability to recover money for losses caused by fraud.
An important feature of the law is the qui tam (or whistleblower) provision, which allows private citizens (relators), to file actions on behalf of the government. If the case is successful, the relator stands to receive a portion of recovered damages.
Dennis presented alongside colleague Carol Smith of Dystart, Taylor, Cotter, McMonigle & Brumitt. The presentation was based on a paper, “What Surety Practitioners Need to Know About the False Claims Act” written by Cyndy Rodgers-Waire and Tom Moran at Wright, Constable & Skeen, LLP in Baltimore, Maryland. They have kindly contributed their work to the Zurich library, and Dennis had previously-presented this paper with Cyndy and Tom at the Surety Claims Institute in 2021.
To learn more about the False Claims Act and its impact on the Surety industry, please feel free to contact us.