California resident pleads guilty to homeowner insurance fraud, which results in more trouble for the homeowner.
Read MoreHusband pleads guilty to insurance fraud after wife sets home on fire
fraud
Calif. phantom collisions results in auto insurance fraud
The California Department of Insurance along with allied agencies found and arrested 20 co-conspirators associated with multiple counts of insurance fraud.
Read MoreWatch out for flood-damaged cars after superstorm Sandy
Among all the mayhem that superstorm Sandy wreaked on the East Coast were several thousand cars. These cars must be identified as flood-damaged when they’re resold but that doesn’t always happen, according to the National Insurance Crime Bureau. The NICB puts the total number of cars damaged by Sandy at more than 250,000, with New York and New Jersey accounting for 210,000 of them. The figures are preliminary estimates based on claims processed by insurance…
Read MoreHoliday giving can require an insurance readjustment
When it comes to holiday giving it may be the thought that counts, but when it comes to insurance the bottom line is what’s covered for a potential loss. Even keeping grinches from stealing the Christmas goodies doesn’t guarantee items will stay safe. They can be lost or destroyed by any number of disasters. That’s why anyone giving or receiving a costly item should make sure it’s covered by their insurance provider, according to the Insurance Information…
Read MoreCar thieves slow down but never take a winter holiday
Although vehicle thefts tend to slow down in the winter, they never actually take a holiday. It’s important to keep that in mind when loading up the car with holiday packages or just leaving it overnight. Despite the wintertime slowdown, New Year’s Day is still the busiest official holiday, according to analysis of National Crime Information Center vehicle theft data by the National Insurance Crime Bureau. In 2011, Halloween was the busiest unofficial holiday for…
Read MoreWallets and purses still key sources for identity thieves
Despite increased adoption of online shopping, mobile payment and banking apps, offline methods are the top known causes of identity fraud. According to a new study from Travelers, stolen wallets and pilfered identifications account for 73 percent of all cases, according to a comprehensive study of 2011 Travelers claim data. Stolen or misplaced items, such as wallets and pocketbooks, accounted for the most common known causes for identity fraud. In the number two spot was a…
Read MoreIdentity theft is on the rise
Criminals continue to find innovative ways to steal personal information, causing consumers to look for ways to prevent and insure against it, according to the Insurance Information Institute. According to Javelin Strategy & Research, there was a 13 percent increase in this type of illegal activity in 2011. To protect against identity theft, it’s a good idea to review bank balances and credit card bills to confirm that all the transactions listed are legitimate. Consumers…
Read MoreInsurance fraud cases remain steady
In California, someone who owes more on their car than it is worth easily remedies the situation by driving the car to Mexico and reporting it stolen. In New York, a man low on cash dresses up as his recently deceased mother to cash in on her workers’ compensation claim.
Read More“Little White Lies” Can Impact Auto Insurance Premiums
Featured
Oct 30, 2019
LA County residents forced to evacuate could tap insurance for cost reimbursement
LOS ANGELES, Calif. — Thousands of residents from Los Angeles
Health
Mar 17, 2020
The Essentials of Long-Term Care Insurance
When you’re young, long-term care insurance is not something
