In 1998 Carrier A submitted a claim to FACC for the theft of several oil paintings. The only supporting documentation was photographs of the stolen items.

Two years later Carrier B submitted a claim with the same insured's name to FACC for "Water damage to paintings." FACC examined the paintings and determined that they were identical to the paintings submitted by carrier A in 1998.

FACC promptly notified both carriers SIU units of our findings.

FACC dealt with a case of a theft of a alleged 17th century oil painting by the artist Rembrandt witch the demand was $3,000,000. The insured did not have any supporting documentation, photos, or provenance. The insured claimed "it was a landscape painting rolled up under the bed for safe keeping."

FACC's research concluded that Rembrandt only painted a total of seven landscape scenes his entire life. By process of elimination FACC could prove where five of them were. The remaining two were on painted on board & therefore could not have been rolled up under the bed as the insured claimed.

Based upon these findings FACC recommended only $25,000.

In a case of two damaged carved African figurines there was an appraisal claiming they were valued at $ 75,000.

The figurines allegedly were antique & of historical importance

Upon FACC's investigation it was revealed that the appraiser involved in this claim had been involved in business with the insured, which creates a conflict of interest & an unethical appraisal.

Based upon our findings the figurines were reproductions valued at $7,000.

A statue allegedly made of alabaster was the subject of the claim with demands of $6,000. The insured claimed it was smashed to powder & discarded, also claiming it had a Meissen trademark. There was one photograph available depicting the item.

The only material that exhibits such characteristics in breakage is plaster of Paris.

FACC learned Meissen never produced any satues made of Plaster of Paris.

Ultimately FACC discovered identical statues made by a contemporary artist selling for $200.

An appraisal for a painting that had been damaged by wind. The artist was a famous Hollywood actor & the appraised value was $140,000. FACC began research & found out that the appraiser & merchant were the same entity who also was under indictment by the US Supreme court for peddling fraudulent art work.

FACC contacted the artists representative & learned the artist never sold paintings at such high values & had very limited sales records. FACC assigned a value of $15,000 to the painting.

FACC handled a theft claim of a silver cachpotot belonging to an antique dealer His demands were $11,000. The dealer claimed it represented a genuine Tiffany item because it bore the initials "CLT". FACC knew that the correct initials should be "LCT" for Louis Comfort Tiffany. We will never know whether the insured was a victim of fraud or not.

FACC assigned a value at $1,100.

FACC researched a claim where an insured was missing five bottles of Armenian Cognac that had been private labeled bearing the insured's last name. He demanded $500 each. Common knowledge is cognac is a French product only.

FACC's research found that Armenian Brandy is sometimes referred to as cognac and found the bottles sell locally for $100 each with private labeling.

In a claim that involved four watercolors allegedly stolen during an interstate move, the claimant was demanding $100,000 for each watercolor. FACC found a gallery that had one of the watercolors for sale. Further enquiries by FACC discovered that the other three missing watercolors were on consignment from the claimant with the same gallery.

FACC documented its findings and submitted them to the carrier's SIU unit for further action.

An antique dealer demanded $475,000 on a theft claim. In support he submitted purchase documentation from European merchants. By verifying information FACC concluded the total amount purchased in Europe by the antique dealer was only $40,000.

A portfolio of drawings was stolen from the trunk of an insured's car. The insured demanded $7,000,000. There were no supporting documentation or photographs available to verify the quantity of drawings, or the authenticity of the works. Although specific titles by that artist brought in approximately $1,200,000 the majority did not bring those values.

Based upon research FACC assigned a value of $1,500,000 for the total portfolio.