Live Insurance News

Severe storm could lead to insurance fraud in Florida

November 24, 2014November 22, 2014 S.Vagus

Homeowners insurance fraud storm prevention and claims

Storm-struck Jacksonville could see a spike in insurance fraud in the coming weeks A severe storm struck the Jacksonville, Florida, area earlier this week, causing significant damage to many properties. The majority of this damage was caused to roofs, which may present a major problem for those that fell victim to the storm. The Florida Association of Public Insurance Adjusters has issued a warning to those affected by the storm, cautioning them against fake insurance adjusters. In the wake of major storms, fraudulent adjusters often seek to take advantage of…

Insurance fraud to be highlighted at Colorado summit

October 21, 2014October 19, 2014 S.Vagus

National Insurance Crime Bureau to focus summit on fraud activity in Colorado Representatives from throughout the insurance industry will be flocking to Colorado to attend a fraud summit hosted by the National Insurance Crime Bureau. The summit will be focused on the Colorado insurance market, highlighting the problems with fraud it has experienced over the past several years. The state is home to a large number of staged auto accidents, thefts, and catastrophe-related fraud schemes that have placed a financial burden on consumers and insurance companies alike. State is attractive…

Insurance news struggles force fire department to shut down

October 2, 2014September 30, 2014 Julie Campbell

insurance news Staten Island Fire Dept Under Pressure

In Washington Township, Ohio, a lack of coverage has stopped firefighters from being able to work. One of the firefighters from the Washington Township Fire Department recently confessed to embezzlement, and this issue has now led to the unfortunate insurance news that a lack of coverage had caused a temporary shut down until a policy could be reopened. The fire truck insurance premiums and the workers’ compensation costs have not been paid for months. According to the fire department’s attorney, Susan McDonald, this insurance news begins with the fact that…

Insurance fraud detected at Colorado Springs doctor’s office

September 25, 2014September 23, 2014 Julie Campbell

It has been discovered that they were charging insurers for appointments that had been cancelled. A doctor in Colorado Springs has now agreed to pay more than $86,000 to the United States government after it was discovered that he had been improperly making claims that constituted insurance fraud to a military insurer for administrative services that continued from 2008 through 2013. Internal audits that had been performed by the TriCare Military Health System revealed the billing practice. These audits showed that the billing practices of Dr. David Hatfield were actually…

Auto insurance fraud receives more attention from state agency

September 3, 2014September 1, 2014 Nordstrom

Insurance Department begins to increase its efforts to combat insurance fraud throughout California The California Department of Insurance has begun to focus more heavily on fighting auto insurance fraud in the Los Angeles area. The agency has been working to track down and eliminate fraud in this area for some time, but has only found modest success. Those participating in fraud have, thus far, managed to find ways to sidestep regulations and continue exploiting consumers and insurance companies alike. Recently, the agency has found more success in its fight against…

Insurance fraud activities bring arrest of a Los Angeles man

August 21, 2014August 21, 2014 H. Cutner

The individual’s alleged schemes occurred outside of California and were focused on residents of Louisiana. A man from Los Angeles, California has now been placed under arrest by authorities in New Orleans after having allegedly been taking part in an insurance fraud scheme that involved the sale of fake employer’s liability and workers compensation policies throughout Louisiana. This insurance scam announcement was made by Attorney General Buddy Caldwell. The individual in this insurance fraud case, fifty year old Terry Frances, has now been charged with five separate counts of theft…

Insurance agent loses license after alleged DNA fraud

August 1, 2014July 31, 2014 Julie Campbell

The former employee of Mukilteo State Farm following a number of different ethical violations. A former insurance agent named Jaime Sue Joyner, previously of Mukilteo State Farm, has now had her license revoked by Washington state after investigators discovered that she had been involved in a number of activities that are not permitted. Joyner was allegedly involved in a number of different ethical violations while she was on the job. Among the ethical violations of which she has been accused was submitting a sample of her own DNA in place…