Tag: car insurance fraud

Auto insurance scam could impact many Detroit drivers

California Insurance company Fraud scam

Officials from the state of Michigan is cautioning motorists to look into their coverage. The Michigan Office of Financial and Insurance Regulation (OFIR) has released a warning to drivers in the Detroit area, stating that they may have purchased auto insurance policies that were fraudulent. All of the fraudulent policies come from a single agent from one agency in the Southfield. The agency in question is unlicensed and is being operated under the name Al Baraka Enterprise, located in Southfield, near Detroit. The agent who has been selling the auto…

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Report shows the discrepancy of auto insurance claims in New York City

S.Vagus

The Insurance Research Council of Pennsylvania has released a new report concerning auto claims and insured losses in New York City. New York has become infamous in the insurance industry for the multitude of auto claims that come from the state. In recent years, more claims have been coming in to insurers, many of which have been found to be fraudulent. The report highlights the differences in claiming behavior throughout the state and touches upon the discrepancies found in claims. According to the report, personal injury protection claims have risen…

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Florida Legislature may be looking to change how the state’s insurance industry works as fraud continues to grow unabated

Marc

According to experts, Florida’s auto insurance industry is currently facing the possibility of changes or the outright elimination to the no-fault system, which may provide drivers who are well-insured with an appealing decrease in premiums, but may also increase the price of basic policies. In Florida, drivers must have at least $10,000 in coverage for personal injury. However, Governor Rick Scott has stated that he would prefer to make this an optional protection. Personal injury protection (PIP) system critics are saying that scam artists are provided with incentive to stage…

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New York is fraught with insurance fraud

Nordstrom

According to a new report by the National Insurance Crime Bureau (NICB), Buffalo, New York, is home to a staggeringly high amount of questionable medical insurance claims. Second only to New York City, Buffalo adds to the states already extensive history of insurance turmoil. The report takes into account all occurrences of claims that have been found as “faked or exaggerated,” as well as instances of “excessive treatment.” The 7,026 questionable claims were filed throughout the state last year. Buffalo accounts for 145 of those, with New York City taking…

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Minnesota no fault insurance system may crack under pressure

H. Cutner

Minnesota’s no-fault auto insurance law has been under fire recently. Opponents of the law have been trying for some time to repeal the legislation, with their latest attempt again being overruled today. However, the state’s Senate committee approved a number of amendments to the law that may curb legislators drive to repeal it. The committee will also be examining alternatives to the law that will favor insurance companies by limiting payouts. The number of underinsured and uninsured drivers in the state is rising, according to Deputy Senate Majority Leader Geoff…

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