Beware of scammers using healthcare information ruse

Beware of scammers using healthcare information ruse

A group of scammers are using the Affordable Care Act to try and dupe consumers into giving out information that can be used to steal their identities. According to the Federal Trade Commission, these scammers claim to be from the government and say that under the ACA they need to verify some information. For example, they might have the routing number of the person’s bank, and then use that information to get the person to reveal the…

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Weather insurance covers income lost to Mother Nature

Weather insurance covers income lost to Mother Nature

As unpredictable as the weather can be, there are those whose incomes depend on it. In the past a lack of snow, too much or too little rain could spell trouble for them—unless they had the option of buying weather insurance. Megan Green, assistant vice president at Vortex Insurance Agency, provides weather insurance to cover all kinds of mishaps caused by Mother Nature. Green says policies tend to be event-based, such as someone canceling an…

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The top 12 dumbest insurance fraud cases: Our annual roundup

The top 12 dumbest insurance fraud cases: Our annual roundup

It’s easy to understand why someone might be tempted to commit insurance fraud because the lure of money never ceases. The state of the economy combined with the draw of “easy money” continues to make insurance fraud a low-risk, high-gain proposition to most criminals. “The economy is squeezing more and more consumers and forcing growing numbers into a financial bind. This is creating a great deal of temptation for some consumers to seek a financial bailout…

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Tuition Insurance may ease the financial burden

Tuition Insurance may ease the financial burden

You have insurance for your car, home, health, and even your pet cat… but what about insuring your investment in a higher education? A recent College Parents of America survey found that locating the finances to fund a child’s college education is a parent’s second-largest concern next to the student’s academics. The value of a secondary education is a considerable concern since the financial outlook for student-loan debt and the potential for new graduate job…

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The face of fraud: 11 dumbest insurance scams

The face of fraud: 11 dumbest insurance scams

It’s no secret that many insurance fraud schemes involve murder, illicit activities, and mountains of debt. And of course, many involve idiots. Yes, people have been known to attempt the dumbest feats to get a quick payout, oftentimes getting caught in the process and facing probation, hefty fines, and time in the slammer. “[People are driven by] desperation, greed and a lack of common sense, it depends who you are, how bad the economy is,…

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Who will pay? Liability insurance for special events

Who will pay? Liability insurance for special events

A standard homeowners insurance policy protects more than a house and possessions, it also offers liability protection from accidental damages involving other people—such as a guest injured from a slip and fall or a sliced ball on the golf course that nails someone in the head. When it comes to insurance for special events, the liability issues can become a lot more complicated—whether it’s a wedding, a fundraiser or even a bridge club game. In…

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Is there liability insurance for snow removal companies?

Is there liability insurance for snow removal companies?

At first glance it would seem a good way to make some extra money in the winter would be to put a plow on your pickup truck and clear a few driveways and parking lots. But before doing that, step back and do some homework. If you don’t know how to properly clear a parking lot, if you damage someone’s lawn while plowing a driveway, or if you don’t have the right kind of –…

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Divorce insurance could be coming soon

Divorce insurance could be coming soon

Insurance policies help keep people on a sound financial footing when all sorts of catastrophes strike – floods, death of a spouse, even job loss. One insurance maverick wants to add another catastrophe to the list—divorce. “Divorce creates a financial burden on both spouses and families, especially women, many of whom find themselves falling below the poverty line,” says John Logan, chairman and CEO of SafeGuard Guaranty Corp. in Apex, N.C.,  and the company that…

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Tweet at your own risk: Would you buy Twitter insurance?

Tweet at your own risk: Would you buy Twitter insurance?

Peppered amongst fan messages to Justin Bieber, the news of Osama Bin Laden’s death, and popular phrases from the latest “Glee” episodes, the word “rogue” is fast becoming a hot-button issue on Twitter. Thoughtless, knee-jerk comments can quickly become viral sensations and professional and personal disasters in the real-time nature of the social media culture. What happens in the aftermath? In some cases, companies have seized onto the vast amount of free publicity they’ve received…

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Insuring the local haunt

Insuring the local haunt

Maybe you’ve heard about this haunted house—or even searched for it yourself: Hailed as the scariest haunted house of all-time, the building itself boasts 13 floors of freakish delight. It’s so scary, in fact, that people are given a full refund upon completion of the frightening tour. The only catch? It’s so scary that no one has ever finished. Does this sound familiar? It might, because according to Snopes.com, this is just another Halloween-related urban…

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