Disability insurance fraud in New York City could reach $400 million

Disability Insurance Fraud

Fraudsters in the city have been found to have been scamming the system for decades. Last week, more than 100 former employees of New York City were charged with disability insurance fraud after having allegedly faked psychological issues in order to be able to collect their benefits. According to prosecutors on the case, the total that NYC has experienced in fake claims could reach $400 million. This total dates back over many years, to 1988. The prosecutors say that since that time there have been about $400 million in disability…

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Taxi driver disability insurance lacking among many New York fleets

business travel insurance

Despite the fact that the coverage is required, many companies have not been complying with that rule. According to the New York Workers’ Compensation Board, the law in the state says that taxi driver disability insurance coverage must be provided to fleets for employees who suffer injuries while off duty, or illnesses. However, many of the fleets in the state have failed to provide their workers with that coverage. The lack of taxi driver disability insurance has meant that when employees of these companies suffer from medical issues that are…

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Disability insurance to cover new San Diego hires

Disability Insurance

The city has stated that it is likely to provide this coverage, as well as death policies to new workers. The mayor’s office in San Diego has revealed that the city will soon be issuing a proposal request in order to be able to obtain death and disability insurance that will be offered to its newly hired employees. It is expected that the request for the proposals will be made within the next few months. This change in the death and disability coverage for the workers hired by the city…

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Disability insurance reduction effort at Walmart

Walmart auto insurance

Following a ruling in favor of the retail giant by the Supreme Court, workers may now find coverage more challenging. Last week, at the same time that Walmart was facing a new round of criticism regarding its extremely low wages for many workers – and an effort to overcome that reputation with promotions for about 25,000 American employees along with raises in pay – the retail giant was simultaneously working to convince the Supreme Court to make it easier for the company to avoid paying disability insurance benefits. This ruling…

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Disability insurance benefits bill moves forward in Rhode Island

health insurance rhode island

The legislation is designed to help to provide the temporary expansion of the coverage. A new Rhode Island disability insurance bill which is meant to expand the temporary benefits provided to residents who are required to leave work in order to care for a sick relative or a newborn, is now heading to the state Senate for their approval. This is following the bill’s passage by the Senate Finance Committee which occurred at the end of last week. The legislation was introduced by Senator Gayle Goldin (D-Providence). It would require…

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Disability insurance struggles arising from application increase

Disability Insurance

As a growing number of Americans seek assistance, the program is facing serious challenges. It is now being estimated that the Social Security Administration’s funds to cover the costs of disability insurance will have been entirely spent in four years’ time. This will mean that the benefits will shrink for over 9 million disabled workers and their families. Income taxes will be providing enough money for only 79 percent of the disability insurance benefit, which will mean that – assuming the same number of individuals remain covered by the program…

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Disability insurance could cost Canadians $600 million to repay veterans

Cost sharing health plan makes insurance news

The ruling to compensate disabled vets for their military pensions comes with a high price. The recent ruling that the Canadian government must compensate veterans with disability insurance payments as a part of their military pensions with retroactive payments that span back nearly four decades could be an extremely costly one. The internal estimates produced by the government have shown that this could cost $600 million. They have also stated that this figure may be on the low side of the scale. At the end of last week, the attorneys…

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Disability insurance benefits are not awarded properly 1 out of 4 times

Disability Insurance News

A Senate report is showing that 25 percent of cases are potentially unnecessarily costing taxpayers millions. A new report from the Senate is showing that one quarter of disability insurance benefits awarded by the Social Security Administration were done improperly between the years 2006 and 2010, which could possibly have cost millions of dollars to taxpayers. The findings were the result of an investigation that was held over eighteen months. The research was performed by the chamber’s Permanent Subcommittee on Investigations. What it discovered that approximately one out of every…

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California workers compensation insurance overhauled

Workers Compensation Insurance

Governor signs workers compensation insurance legislation into law California Governor Jerry Brown has signed into law a legislation that will increase the disability insurance benefits workers receive if they are injured on the job. The legislation aims to provide workers with benefits more fitting to the rising costs of worker’s compensation insurance premiums. These premiums have been growing in California, largely due to the growing costs of medical care associated with workplace injuries and the prevalence of fraud. The legislation was approved by the state Legislature last month, but was…

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California lawmakers renovate workplace injury coverage

Insurance industry risks - Banana Peel Survey

A new bill has been approved to give the system in the state a complete overhaul. Lawmakers in California have announced their latest insurance news by sharing that they have approved a bill that has the support of both labor groups and businesses, in order to give an overhaul to the coverage system in the state for employees injured on the job. This bill received tremendous bipartisan support in the state’s Democrat dominated legislature. The bill received its approval just in time for the completion of this year’s session, boosting…

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