Christchurch the home of rising insurance fraud New Zealand’s Christchurch continues to wrangle with ongoing insurance troubles amidst persistent aftershocks stemming from a major earthquake disaster in late 2010. The quake caused extensive damage throughout the Christchurch region and caused a large exodus of many of the country’s insurance providers. This flight of insurers left much of the region without insurance, which led to various government initiatives aimed at providing some amount of stability to those that still lived in the area. Now, however, a new trend has emerged within…
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Tennessee gay couple claims hate crime…insurance company says fraud
American National Property and Casualty Company in Tennessee have brought a federal lawsuit against a couple in an effort to void their homeowner’s insurance policy. The couple’s Tennessee home burnt in September last year and the insurance company is alleging arson on the homeowner’s part and denying the claim. There are more details involved which complicate the case even further; the couple is gay and has alleged that a former neighbor is the one who set their house on fire. The couple claimed the neighbor has harassed them for five…
Read MoreAn eye opener to insurance fraud
Insurance fraud claims have been rising, and it seems consumer’s tolerance to the wrongdoing has risen also. The 2010 statistics show that the fraud claims totaled 80 billion dollars last year. It has been referred to as a white collar crime, and many people consider it a “victimless” crime. Why would someone file a bogus insurance claim? In the case of a Connecticut man, it seems he committed the crime out of spite. The 62 year old man was a former advertising executive and was being divorced by his wife…
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